{
  "title": "Republic of Kazakhstan: Selected Issues",
  "publication": "IMF Staff Country Reports, July 29, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Nonperforming loans and asset resolution",
      "content": "- Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans.\n- A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund.\n- Keywords: Nonperforming loans, NPL resolution, Distressed assets, resolving Nonperforming loan"
    },
    {
      "heading": "Public financial management and fiscal framework",
      "content": "- A robust and transparent public financial management system should be an integral part of any effective fiscal framework.\n- Recommendation: implement a sound medium-term fiscal framework supported by public financial management reforms.\n- Subjects: Fiscal policy, Fiscal rules, Fiscal stance"
    },
    {
      "heading": "Financial markets, dollarization, and market infrastructure",
      "content": "- Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks.\n- Policy implication: develop market infrastructure, derivatives market, and broader financial market development.\n- Keywords: Currency markets, financial market development, market, market infrastructure, derivatives market"
    },
    {
      "heading": "Macroprudential and policy package",
      "content": "- A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.\n- Related policy areas highlighted: strengthening regulation, capital consolidation plan, anti-crisis spending, interest rate policy\n\n---\n\n Content in this bundle\n\n- Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010\n  - Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года\n  - Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 29, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455207220.002",
    "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",
    "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",
    "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",
    "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",
    "**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**"
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