{
  "title": "Republic of Kazakhstan: Financial Sector Assessment Program-Technical Note on Astana International Financial Center and the Kazakhstan Financial System",
  "publication": "IMF Staff Country Reports, October 17, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457",
  "overlayPath": "/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/index.md",
  "summary": "This paper presents a Technical Note on the Astana International Financial Center and the Kazakhstan Financial System for the Kazakhstan Financial Sector Assessment Program.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Presents a Technical Note on the Astana International Financial Center (AIFC) and the Kazakhstan Financial System for the Kazakhstan Financial Sector Assessment Program.\n- AIFC was launched in 2018 with objectives to:\n  - establish a leading international center for financial services in Astana;\n  - attract foreign investment; and\n  - support the growth and development of Kazakhstan and the region.\n- The note reviews the links between the AIFC and the Kazakhstan financial system and the implications for financial stability."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- Infrastructure has been developed to support a wide range of financial activities in the AIFC.\n- Financial activity in the Center remains small, limiting the immediate risks to financial stability.\n- Additional policy challenges arise where key financial services in a country may be provided under distinct legal and regulatory arrangements from both a “domestic” jurisdiction and a jurisdictionally-separated international financial center.\n- The note emphasizes the importance of understanding linkages between the AIFC and the broader Kazakhstan financial system for assessing systemic implications."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subjects: Capital markets, Currencies, Financial markets, Financial sector development, Financial sector policy and analysis, Financial sector stability, Financial services, Money\n- Keywords: AIFC participant, Capital markets, Central Asia, Currencies, Financial sector development, Financial sector stability, Global, IMF-World Bank Financial Sector Assessment Program, Kazakhstan financial system, Kazakhstan stock exchange, staff team of the International Monetary Fund\n\n---\n\n Content in this bundle\n\n- 1kazea2024007-print-pdf\n  - 1kazea2024007-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1kazea2024007-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/bundle-manifest.json)",
    "Published: October 17, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400291197.002",
    "Presents a Technical Note on the Astana International Financial Center (AIFC) and the Kazakhstan Financial System for the Kazakhstan Financial Sector Assessment Program.",
    "AIFC was launched in 2018 with objectives to:",
    "The note reviews the links between the AIFC and the Kazakhstan financial system and the implications for financial stability.",
    "Infrastructure has been developed to support a wide range of financial activities in the AIFC.",
    "Financial activity in the Center remains small, limiting the immediate risks to financial stability.",
    "Additional policy challenges arise where key financial services in a country may be provided under distinct legal and regulatory arrangements from both a “domestic” jurisdiction and a jurisdictionally-separated international financial center.",
    "The note emphasizes the importance of understanding linkages between the AIFC and the broader Kazakhstan financial system for assessing systemic implications.",
    "Subjects: Capital markets, Currencies, Financial markets, Financial sector development, Financial sector policy and analysis, Financial sector stability, Financial services, Money",
    "Keywords: AIFC participant, Capital markets, Central Asia, Currencies, Financial sector development, Financial sector stability, Global, IMF-World Bank Financial Sector Assessment Program, Kazakhstan financial system, Kazakhstan stock exchange, staff team of the International Monetary Fund",
    "**1kazea2024007-print-pdf**"
  ],
  "related": [
    {
      "title": "1kazea2024007-print-pdf",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2024/english/1kazea2024007-print-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2024/english/1kazea2024007-print-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2024/english/1kazea2024007-print-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/index.md",
    "json": "/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/index.json",
    "bundleManifest": "/en/publications/cr/issues/2024/10/17/republic-of-kazakhstan-financial-sector-assessment-program-technical-note-on-astana-556457/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T02:58:32.286Z"
}