{
  "title": "Republic of Kazakhstan: Selected Issues",
  "publication": "IMF Staff Country Reports, July 21, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-18419",
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  "summary": "This Selected Issues paper on the Republic of Kazakhstan underlies growth of the non-oil sector, fiscal management of oil wealth, and bank credit growth.",
  "sections": [
    {
      "heading": "Key findings on non-oil sector and structural change",
      "content": "- The share of tradables in the non-oil sector has declined significantly, both in terms of value added and employment.\n- Many nontradable activities, especially services and construction, have expanded."
    },
    {
      "heading": "Fiscal management of oil wealth",
      "content": "- Kazakhstan can sustain non-oil deficits of more than 5 percent of GDP in the near term without reducing the value of oil wealth."
    },
    {
      "heading": "Bank credit, financial exposure, and risks",
      "content": "- Recent developments in the pattern of bank lending and borrowing have led to increased exposure to the property sector and international financial markets."
    },
    {
      "heading": "Thematic coverage and keywords",
      "content": "- Subjects: Bank credit, Commodities, Credit, Foreign exchange, Money, Oil, Oil, gas and mining taxes, Purchasing power parity, Real exchange rates, Taxes\n- Keywords: Bank credit, bank lending, CIS economy, CR, deficit, exchange rate, gas and mining taxes, Global, growth path, ISCR, Oil, oil sector, oil wealth, purchasing power parity, Real exchange rates, revenue, sector growth, tenge\n\nRepublic of Kazakhstan: Selected Issues (IMF Staff Country Reports), July 21, 2005\n\n---\n\n Content in this bundle\n\n- Republic of Kazakhstan: Selected Issues\n  - Republic of Kazakhstan: Selected Issues (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Kazakhstan: Selected Issues (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 21, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451820966.002",
    "The share of tradables in the non-oil sector has declined significantly, both in terms of value added and employment.",
    "Many nontradable activities, especially services and construction, have expanded.",
    "Kazakhstan can sustain non-oil deficits of more than 5 percent of GDP in the near term without reducing the value of oil wealth.",
    "Recent developments in the pattern of bank lending and borrowing have led to increased exposure to the property sector and international financial markets.",
    "Subjects: Bank credit, Commodities, Credit, Foreign exchange, Money, Oil, Oil, gas and mining taxes, Purchasing power parity, Real exchange rates, Taxes",
    "Keywords: Bank credit, bank lending, CIS economy, CR, deficit, exchange rate, gas and mining taxes, Global, growth path, ISCR, Oil, oil sector, oil wealth, purchasing power parity, Real exchange rates, revenue, sector growth, tenge",
    "**Republic of Kazakhstan: Selected Issues**"
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