Republic of Kazakhstan: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
July 10, 2007
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The 2007 Article IV Consultation on the Republic of Kazakhstan focuses on the appropriate policy response to mounting banking sector risks and continuing inflation pressures. Banking sector risks are mounting and inflation remains relatively high. The authorities intend to continue raising policy interest rates gradually. The Financial Supervision Agency’s (FSA) powers have been enhanced and a sizable increase in its resources is expected shortly. Monetary tightening and exchange rate appreciation are needed to contain risks and dampen inflation.
Subject: Bank credit, Commercial banks, Credit, External debt, Financial institutions, Foreign exchange, Loans, Money
Keywords: bank, bank credit, Commercial banks, consultants support Kazakh, CR, Credit, debt ratio, Eastern Europe, EBRD financing, executive board assessment, foreign currency, foreign exchange inflow, Global, IMF's view, ISCR, Kazakhstan, lending program, Loans, monetary policy, nominal interest rate, oil revenue management, return on assets, tenge
Pages:
45
Volume:
2007
DOI:
Issue:
235
Series:
Country Report No. 2007/235
Stock No:
1KAZEA2007001
ISBN:
9781451820997
ISSN:
1934-7685
