Republic of Kazakhstan: Selected Issues
IMF Staff Country Reports, July 29, 2010
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- Republic of Kazakhstan: Selected Issues
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Bibliographic details
- Published: July 29, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455207220.002
Nonperforming loans and asset resolution
- Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans.
- A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund.
- Keywords: Nonperforming loans, NPL resolution, Distressed assets, resolving Nonperforming loan
Public financial management and fiscal framework
- A robust and transparent public financial management system should be an integral part of any effective fiscal framework.
- Recommendation: implement a sound medium-term fiscal framework supported by public financial management reforms.
- Subjects: Fiscal policy, Fiscal rules, Fiscal stance
Financial markets, dollarization, and market infrastructure
- Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks.
- Policy implication: develop market infrastructure, derivatives market, and broader financial market development.
- Keywords: Currency markets, financial market development, market, market infrastructure, derivatives market
Macroprudential and policy package
- A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.
- Related policy areas highlighted: strengthening regulation, capital consolidation plan, anti-crisis spending, interest rate policy
Content in this bundle
- Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010
- Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года