Kazakhstan : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

March 22, 1996

Summary:

This paper reviews economic developments in Kazakhstan during 1994–96. In early 1994, Kazakhstan embarked on an ambitious stabilization program aimed at reducing inflation sharply and implementing structural reforms. This program was based on tight financial policies and a package of structural measures, including privatization and trade and price liberalization; it was supported by a one-year stand-by arrangement from the IMF, approved in January 1994. However, the stabilization effort was quickly derailed by the authorities’ inter-enterprise arrears netting operation that began in February 1994.

Series:

Country Report No. 96/22

Subject:

Notes:

This report on recent economic developments in Kazakstan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Kazakstan or the Executive Board of the IMF.

English

Publication Date:

March 22, 1996

ISBN/ISSN:

9781451820768/1934-7685

Stock No:

1KAZEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

127

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