{
  "title": "Republic of Kazakhstan: Technical Assistance Report-Next steps and Considerations for the Digital Tenge",
  "publication": "Technical Assistance Reports, January 14, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/01/14/republic-of-kazakhstan-technical-assistance-report-next-steps-and-considerations-for-the-573143",
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  "summary": "An IMF mission visited both Astana and Almaty during May - June 2024. This mission was a second engagement with the National Bank of Kazakhstan (NBK) and National Payments Corporation of Kazakhstan (NPCK) following a virtual engagement during February - March 2024.",
  "sections": [
    {
      "heading": "Mission scope and timeline",
      "content": "- An IMF mission visited both Astana and Almaty during May - June 2024.\n- This mission was a second engagement with the National Bank of Kazakhstan (NBK) and National Payments Corporation of Kazakhstan (NPCK) following a virtual engagement during February - March 2024.\n- The virtual phase focused on legal considerations.\n- The in-person phase explored financial stability considerations from broader use cases, interoperability, and cyber resilience.\n- Work was underpinned by considerations on institutional capacity, governance, and internal buy-in of the project."
    },
    {
      "heading": "Key findings",
      "content": "- Gaining legal certainty for issuing the Digital Tenge remains a priority.\n- Prioritization of use cases is needed to tailor evaluation frameworks so they better assess each use case’s contribution to the desired objectives.\n- Prioritization of use cases needs to account for the practical technical capacity and cyber resilience of the Digital Tenge platform.\n- As the NBK and NPCK test broader use cases, potential channels for financial stability implications were highlighted.\n- There is a need for further work across stakeholders to test relevant safeguards."
    },
    {
      "heading": "Policy recommendations and next steps",
      "content": "- Establish legal certainty for issuance of the Digital Tenge as a priority action.\n- Prioritize specific use cases for the Digital Tenge and adapt evaluation frameworks to:\n  - Assess contributions of each use case to stated objectives.\n  - Reflect technical constraints and cyber resilience requirements of the platform.\n- Strengthen cross-stakeholder collaboration to:\n  - Identify and test safeguards against financial stability risks.\n  - Evaluate interoperability considerations across systems and participants.\n- Build institutional capacity, governance frameworks, and internal buy-in to support implementation and testing phases."
    },
    {
      "heading": "Analytical emphasis",
      "content": "- Legal framework analysis: primary focus during the virtual engagement (February - March 2024).\n- Financial stability, interoperability, and cyber resilience: primary focus during the in-person engagement (May - June 2024).\n- Evaluation frameworks should be use-case specific and pragmatic given technical and cyber resilience realities.\n\n---\n\n Content in this bundle\n\n- IMF Technical Assistance Report – Kazakhstan\n  - IMF Technical Assistance Report – Kazakhstan (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IMF Technical Assistance Report – Kazakhstan (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/01/14/republic-of-kazakhstan-technical-assistance-report-next-steps-and-considerations-for-the-573143"
    }
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    "Published: January 14, 2026",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798229035354.019",
    "An IMF mission visited both Astana and Almaty during May - June 2024.",
    "This mission was a second engagement with the National Bank of Kazakhstan (NBK) and National Payments Corporation of Kazakhstan (NPCK) following a virtual engagement during February - March 2024.",
    "The virtual phase focused on legal considerations.",
    "The in-person phase explored financial stability considerations from broader use cases, interoperability, and cyber resilience.",
    "Work was underpinned by considerations on institutional capacity, governance, and internal buy-in of the project.",
    "Gaining legal certainty for issuing the Digital Tenge remains a priority.",
    "Prioritization of use cases is needed to tailor evaluation frameworks so they better assess each use case’s contribution to the desired objectives.",
    "Prioritization of use cases needs to account for the practical technical capacity and cyber resilience of the Digital Tenge platform.",
    "As the NBK and NPCK test broader use cases, potential channels for financial stability implications were highlighted.",
    "There is a need for further work across stakeholders to test relevant safeguards.",
    "Establish legal certainty for issuance of the Digital Tenge as a priority action.",
    "Prioritize specific use cases for the Digital Tenge and adapt evaluation frameworks to:",
    "Strengthen cross-stakeholder collaboration to:",
    "Build institutional capacity, governance frameworks, and internal buy-in to support implementation and testing phases.",
    "Legal framework analysis: primary focus during the virtual engagement (February - March 2024).",
    "Financial stability, interoperability, and cyber resilience: primary focus during the in-person engagement (May - June 2024).",
    "Evaluation frameworks should be use-case specific and pragmatic given technical and cyber resilience realities.",
    "**IMF Technical Assistance Report – Kazakhstan**"
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