Republic of Kazakhstan : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/164

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Kazakhstan.

International Monetary Fund.

Fiscal policy--Kazakhstan.

Fiscal policy.

Monetary policy--Kazakhstan.

Monetary policy.

Kazakhstan--Economic conditions.

Kazakhstan.

Physical Description:

1 online resource (65 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This 2012 Article IV Consultation reports that fiscal and monetary policies have adapted to the economic recovery in the Republic of Kazakhstan. The authorities have appropriately responded to the upswing in the cycle by gradually tightening fiscal policy and sterilizing excess bank liquidity. Directors have commended the authorities’ policies that, together with high commodity prices, yielded a strong economic recovery. Directors have also appreciated the preparation of plans to deal with a possible protracted global slowdown and a decline in oil prices.

Contents:

""Cover""; ""CONTENTS""; ""CONTEXT""; ""RECENT DEVELOPMENTS""; ""A. High Oil Prices Have Driven Favorable Macroeconomic Developments""; ""B. The Policy Stance Adapted to the Economic Recovery""; ""C. The Return to Strong Growth Did Not Restore Banks' Credit Quality""; ""OUTLOOK AND RISKS""; ""POLICY DISCUSSIONS""; ""D. Financial Sector: Resolving Bank Asset Weaknesses""; ""E. Monetary and Exchange Rate Policies: Refining the Policy Instruments""; ""F. Fiscal Policy: Rebuilding the Fiscal Buffer to Deal with Uncertainty""; ""G. Diversifying the Economy and Improving Governance""

""STAFF APPRAISAL""""TABLES""; ""1. Selected Economic Indicators, 2009�17""; ""2. Balance of Payments, 2009�17""; ""3A. General Government Fiscal Operations, 2009�17""; ""3B. Statement of Operations - General Government, 2009�17""; ""4. General Government Balance Sheet, 2009�17""; ""5. Monetary Accounts, 2008�13""; ""6. Selected Prudential Indicators of the Banking Sector, 2007�12""; ""7. Public Sector Debt Sustainability Framework, 2007�17""; ""8. External Debt Sustainability Framework, 2007�17""; ""FIGURES""; ""1. Macroeconomic Developments""

""2. Financial Market Developments""""3. Banking Sector Developments""; ""4. External and Fiscal Sector Developments and Outlook""; ""5. Public Debt Sustainability: Bound Tests""; ""6. External Debt Sustainability: Bound Tests""; ""BOXES""; ""1. Banking Sector Indicators Before and After the Crisis""; ""2. Possible Spillovers from a Prolonged Global Slowdown Inward Spillovers""; ""Kazakhstan: External Spillovers""; ""3. Sources of Growth""; ""Kazakhstan: Sources of Growth""; ""APPENDICES""; ""1. External Stability Assessment""; ""2. Risk Assessment Matrix""

""3. Business Environment and Governance""""CONTENTS""; ""I. RELATIONS WITH THE FUND""; ""II. RELATIONS WITH THE WORLD BANK""; ""III. RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT""; ""IV. RELATIONS WITH THE ASIAN DEVELOPMENT BANK""; ""V. STATISTICAL ISSUES""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475533323

1475533322

9781475586459

1475586450