Republic of Kazakhstan: 2017 Article IV Consultation- Press Release; and Staff Report

May 9, 2017

Preview Citation

Format: Chicago

Republic of Kazakhstan: 2017 Article IV Consultation- Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed November 8, 2024

Also available in: русский

Summary

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimulus spending. The sharp exchange rate depreciation in late 2015 and early 2016 triggered a surge in consumer prices, but inflation has come down to levels consistent with the National Bank of Kazakhstan’s target range. The medium-term outlook has improved; growth in the non-oil sector is expected to pick up gradually to 4 percent, benefiting from structural reforms and a resumption of bank lending. Uncertainty is high, however, because the economy remains vulnerable to commodity price swings and especially to a sustained decline in oil prices.

Subject: Banking, Commodities, External debt, Financial institutions, Fiscal policy, Fiscal stance, Loans, Oil, Oil prices, Prices

Keywords: Authorities' flagship, Authorities move, Authority, Central Asia, CR, Exchange rate, IMF TA, ISCR, Loans, NBK policy rate, Oil, Oil prices, State support

Publication Details

Pages:

68
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/108
Stock No:

1KAZEA2017001
ISBN:

9781475598704
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports