## Republic of Kazakhstan: Selected Issues

_IMF Staff Country Reports, July 29, 2010_

## Source details

**Canonical URL:** [Republic of Kazakhstan: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093/bundle-manifest.json)

## Bibliographic details
- Published: July 29, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455207220.002

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### 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

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## Content in this bundle

- **Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010**
  - [Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10237.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of Kazakhstan: Selected Issues; IMF Country Report 10/237; June 28, 2010 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10237.pdf){rel="external" type="application/pdf"}
- **Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года**
  - [Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года (Markdown version)](/-/media/websites/imf/imported-publications/external/russian/pubs/ft/scr/2010/_cr10237r.pdf.md){rel="alternate" type="text/markdown"}
  - [Республика Казахстан: документ по отдельным вопросам; Доклад МВФ по стране 10/237; 28 июня 2010 года (PDF)](/-/media/websites/imf/imported-publications/external/russian/pubs/ft/scr/2010/_cr10237r.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-24093_