Kazakhstan: Recent Economic Developments
March 22, 1996
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Banking, Budget planning and preparation, Commercial banks, Credit, Financial institutions, Foreign exchange, Inflation, Money, Prices, Public financial management (PFM)
Keywords: b. enterprise reform, Budget planning and preparation, Central Asia, Commercial banks, coverage ratio, CR, Credit, enterprise governance, enterprise restructuring, foreign exchange, Global, grain procurement company, Inflation, ISCR, management company, netting operation, nominal exchange rate, privatized enterprise debt, state government, trading partner, U.S. dollar
Pages:
127
Volume:
1996
DOI:
Issue:
022
Series:
Country Report No. 1996/022
Stock No:
1KAZEA0011996
ISBN:
9781451820768
ISSN:
1934-7685
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.
