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Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

DOI: http://dx.doi.org/10.5089/9781513529288.002

ISBN: 9781513529288

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

This Selected Issues paper conducts a review of taxes on labor in Kazakhstan, which, despite the current relatively low level of collections, have the potential to become an important source of non-oil fiscal reven...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

ISBN: 9781513529288

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

This Selected Issues paper conducts a review of taxes on labor in Kazakhstan, which, despite the current relatively low level of collections, have the potential to become an important source of non-oil fiscal reven...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

ISBN: 9781513529288

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

This Selected Issues paper conducts a review of taxes on labor in Kazakhstan, which, despite the current relatively low level of collections, have the potential to become an important source of non-oil fiscal reven...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

ISBN: 9781513529288

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

This Selected Issues paper conducts a review of taxes on labor in Kazakhstan, which, despite the current relatively low level of collections, have the potential to become an important source of non-oil fiscal reven...

Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

Language: Russian

DOI: http://dx.doi.org/10.5089/9781513529332.002

ISBN: 9781513529332

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2020/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

Language: Russian

ISBN: 9781513529332

Keywords: Economic growth, Public finance, Fiscal sustainability, Capital, Oil prices, ISCR, CR, rules-based, extrabudgetary, labor tax

Selected Issues...

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Kazakhstan »

Source: Republic of Kazakhstan : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2020/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

ISBN: 9781513528465

Keywords: Balance of payments, Economic indicators, Central banks, Macroprudential policies and financial stability, Monetary policy, ISCR, CR, NBK, non-oil, percent of GDP

This 2019 Article IV Consultation with Republic of Kazakhstan discusses that the political transition has increased the focus on social conditions and regional and rural development. Discussions focused on enhancin...

Republic of Kazakhstan
			: 2019 Article IV Consultation-Press Release; and Staff Report

Republic of Kazakhstan : 2019 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2020/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

DOI: http://dx.doi.org/10.5089/9781513528465.002

ISBN: 9781513528465

Keywords: Balance of payments, Economic indicators, Central banks, Macroprudential policies and financial stability, Monetary policy, ISCR, CR, NBK, non-oil, percent of GDP

This 2019 Article IV Consultation with Republic of Kazakhstan discusses that the political transition has increased the focus on social conditions and regional and rural development. Discussions focused on enhancin...

Republic of Kazakhstan: 2019 Article IV Consultation—Press Release; and Staff Report

Republic of Kazakhstan: 2019 Article IV Consultation—Press Release; and Staff Report »

Source: Republic of Kazakhstan : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2020/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

ISBN: 9781513528465

Keywords: Balance of payments, Economic indicators, Central banks, Macroprudential policies and financial stability, Monetary policy, ISCR, CR, NBK, non-oil, percent of GDP

This 2019 Article IV Consultation with Republic of Kazakhstan discusses that the political transition has increased the focus on social conditions and regional and rural development. Discussions focused on enhancin...

Republic of Kazakhstan: Staff Report for the 2019 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2020/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

ISBN: 9781513528465

Keywords: Balance of payments, Economic indicators, Central banks, Macroprudential policies and financial stability, Monetary policy, ISCR, CR, NBK, non-oil, percent of GDP

This 2019 Article IV Consultation with Republic of Kazakhstan discusses that the political transition has increased the focus on social conditions and regional and rural development. Discussions focused on enhancin...

Public Sector Balance Sheet Strength and the Macro Economy

Public Sector Balance Sheet Strength and the Macro Economy »

Volume/Issue: 2019/170

Series: IMF Working Papers

Author(s): Seyed Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2019

DOI: http://dx.doi.org/10.5089/9781513508955.001

ISBN: 9781513508955

Keywords: Balance sheets, Sovereign wealth funds, Financial markets, Risk-weighted asset, Social security funds, Public sector balance sheet, Fiscal policy, Net financial worth, Net worth, balance sheet

This paper introduces concepts of public sector balance sheet (PSBS) strength, taking into account different aspects of what governments own in addition to what they owe. It develops measures of PSBS strength and i...

Public Sector Balance Sheet Strength and the Macro Economy

Public Sector Balance Sheet Strength and the Macro Economy »

Source: Public Sector Balance Sheet Strength and the Macro Economy

Volume/Issue: 2019/170

Series: IMF Working Papers

Author(s): Seyed Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2019

ISBN: 9781513508955

Keywords: Balance sheets, Sovereign wealth funds, Financial markets, Risk-weighted asset, Social security funds, Public sector balance sheet, Fiscal policy, Net financial worth, Net worth, balance sheet

This paper introduces concepts of public sector balance sheet (PSBS) strength, taking into account different aspects of what governments own in addition to what they owe. It develops measures of PSBS strength and i...

IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Kazakhstan »

Source: Republic of Kazakhstan : 2018 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2018/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376881

Keywords: Kazakhstan, Middle East

Recovery is gaining strength, while inflation has been declining and the tenge has continued to float. Export growth-driven by oil, metals, and mining-has reduced the current account deficit. State support to banks...

Republic of Kazakhstan
			: 2018 Article IV Consultation-Press Release; and Staff Report

Republic of Kazakhstan : 2018 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2018/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

DOI: http://dx.doi.org/10.5089/9781484376881.002

ISBN: 9781484376881

Keywords: Kazakhstan, Middle East

Recovery is gaining strength, while inflation has been declining and the tenge has continued to float. Export growth-driven by oil, metals, and mining-has reduced the current account deficit. State support to banks...

Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

DOI: http://dx.doi.org/10.5089/9781484376959.002

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: 2018 Article IV Consultation—Press Release; and Staff Report

Republic of Kazakhstan: 2018 Article IV Consultation—Press Release; and Staff Report »

Source: Republic of Kazakhstan : 2018 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2018/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376881

Keywords: Kazakhstan, Middle East

Recovery is gaining strength, while inflation has been declining and the tenge has continued to float. Export growth-driven by oil, metals, and mining-has reduced the current account deficit. State support to banks...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2018/278

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376959

Keywords: Middle East, Kazakhstan

Selected Issues...

Republic of Kazakhstan: Staff Report for the 2018 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : 2018 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2018/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2018

ISBN: 9781484376881

Keywords: Kazakhstan, Middle East

Recovery is gaining strength, while inflation has been declining and the tenge has continued to float. Export growth-driven by oil, metals, and mining-has reduced the current account deficit. State support to banks...

Building Resilient Banking Sectors in the Caucasus and Central Asia

Building Resilient Banking Sectors in the Caucasus and Central Asia »

Source: Building Resilient Banking Sectors in the Caucasus and Central Asia

Volume/Issue: 2018/8

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera Martin , Tarak Jardak , Robert Tchaidze , Juan Trevino , and Helen Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

ISBN: 9781484360774

Keywords: Central Asia and the Caucasus, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyz Republic, Middle East, Armenia, Azerbaijan, Economic conditions

External shocks since 2014-lower oil prices and slower growth in key trading partners-have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress.  E...

Building Resilient Banking Sectors in the Caucasus and Central Asia

Building Resilient Banking Sectors in the Caucasus and Central Asia »

Volume/Issue: 2018/8

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera Martin , Tarak Jardak , Robert Tchaidze , Juan Trevino , and Helen Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

DOI: http://dx.doi.org/10.5089/9781484360774.087

ISBN: 9781484360774

Keywords: Central Asia and the Caucasus, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyz Republic, Middle East, Armenia, Azerbaijan, Economic conditions

External shocks since 2014-lower oil prices and slower growth in key trading partners-have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress.  E...

Opening Up in the Caucasus and Central Asia
			: Policy Frameworks to Support Regional and Global Integration

Opening Up in the Caucasus and Central Asia : Policy Frameworks to Support Regional and Global Integration »

Volume/Issue: 2018/7

Series: Departmental Papers / Policy Papers

Author(s): Peter Kunzel , Phil De Imus , Edward Gemayel , Risto Herrala , Alexei Kireyev , and Farid Talishli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

DOI: http://dx.doi.org/10.5089/9781484358177.087

ISBN: 9781484358177

Keywords: Armenia, Azerbaijan, Economic integration, Economic integration, Georgia, Kazakhstan, Kyrgyz Republic, Middle East, Tajikistan, Trade liberalization

The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying...

Opening Up in the Caucasus and Central Asia

Opening Up in the Caucasus and Central Asia »

Source: Opening Up in the Caucasus and Central Asia : Policy Frameworks to Support Regional and Global Integration

Volume/Issue: 2018/7

Series: Departmental Papers / Policy Papers

Author(s): Peter Kunzel , Phil De Imus , Edward Gemayel , Risto Herrala , Alexei Kireyev , and Farid Talishli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2018

ISBN: 9781484358177

Keywords: Armenia, Azerbaijan, Economic integration, Economic integration, Georgia, Kazakhstan, Kyrgyz Republic, Middle East, Tajikistan, Trade liberalization

The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...

Chapter 3. Drivers

Chapter 3. Drivers »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Policy Objectives Employment In many areas of the MENAP region, high wage bills reflect the traditional role of the state as the employer of first reso...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Economic and social challenges have intensified across the Middle East and Central Asia. Despite a stronger global economy, the growth outlook for the region remains subdued (IMF 2017). Weak economic growth...

Chapter 4. Outcomes and Economic Effects

Chapter 4. Outcomes and Economic Effects »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Public Service Delivery Higher wage bills have on average not produced better service delivery, though public services are also affected by other considerations (Figures 4.1 and 4.2)...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Back Matter

Back Matter »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

IMF Executive Board Concludes 2017 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2017 Article IV Consultation with the Republic of Kazakhstan »

Source: Republic of Kazakhstan : 2017 Article IV Consultation- Press Release; and Staff Report

Volume/Issue: 2017/108

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598704

Keywords: Kazakhstan, Middle East

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimul...

Republic of Kazakhstan
			: 2017 Article IV Consultation- Press Release; and Staff Report

Republic of Kazakhstan : 2017 Article IV Consultation- Press Release; and Staff Report »

Volume/Issue: 2017/108

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

DOI: http://dx.doi.org/10.5089/9781475598704.002

ISBN: 9781475598704

Keywords: Kazakhstan, Middle East

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimul...

Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2017/109

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

DOI: http://dx.doi.org/10.5089/9781475598759.002

ISBN: 9781475598759

Keywords: Middle East, Kazakhstan

This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil weal...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2017/109

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598759

Keywords: Middle East, Kazakhstan

This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil weal...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2017/109

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598759

Keywords: Middle East, Kazakhstan

This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil weal...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2017/109

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598759

Keywords: Middle East, Kazakhstan

This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil weal...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2017/109

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598759

Keywords: Middle East, Kazakhstan

This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil weal...

Republic of Kazakhstan: Staff Report for the 2017 Article IV Consultation

Republic of Kazakhstan: Staff Report for the 2017 Article IV Consultation »

Source: Republic of Kazakhstan : 2017 Article IV Consultation- Press Release; and Staff Report

Volume/Issue: 2017/108

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598704

Keywords: Kazakhstan, Middle East

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimul...

Republic of Kazakhstan: Staff Report for the 2017 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : 2017 Article IV Consultation- Press Release; and Staff Report

Volume/Issue: 2017/108

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

ISBN: 9781475598704

Keywords: Kazakhstan, Middle East

This 2017 Article IV Consultation highlights growth in Kazakhstan expected to strengthen to 2.5 percent in 2017 after a slowdown in 2016, reflecting higher oil production and the effect of substantial fiscal stimul...

5. Conclusions and Next Steps

5. Conclusions and Next Steps »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, CCA ERs and ER regimes have come under pressure. This has reflected the decline of oil and other commodity prices, weaker growth in Russia and China, depreciation of the Russian ruble, and a...

Exchange Rate Developments and Policies in the Caucasus and Central Asia

Exchange Rate Developments and Policies in the Caucasus and Central Asia »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

DOI: http://dx.doi.org/10.5089/9781513543031.087

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

2. ER Policy Advice

2. ER Policy Advice »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

IMF ER Policy Advice and Rationale 7 IMF ER policy advice for CCA countries—both oil exporters and importers—has been to move toward gr...

Exchange Rate Developments and Policies in the Caucasus and Central Asia

Exchange Rate Developments and Policies in the Caucasus and Central Asia »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

Back Matter

Back Matter »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in R...

Executive Summary

Executive Summary »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other com...

3. Impediments to Greater ER Flexibility

3. Impediments to Greater ER Flexibility »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Fear of Floating and Related Factors The challenge of adjusting to greater ER flexibility reflects several factors. These include: (1) the status of development of monetary policy in...

1. Introduction

1. Introduction »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Recent ER Movements Since late 2014, CCA currencies have been under pressure, given the decline of oil and other commodity prices, weaker growth in key emerging markets, depreciation...

4. Managing the Transition to Greater ER Flexibility: Overcoming Obstacles

4. Managing the Transition to Greater ER Flexibility: Overcoming Obstacles »

Source: Exchange Rate Developments and Policies in the Caucasus and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Mark Horton , Hossein Samiei , Natan Epstein , and Kevin Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2016

ISBN: 9781513543031

Keywords: currency, central bank, inflation, monetary policy, central banks

Addressing Fear of Floating In tranquil times, exits from pegged ER regimes have involved gradual, step-by-step moves to a full float. Examples include Chile (1984–1999), Israel (198...

How to De-Dollarize Financial Systems in the Caucasus and Central Asia?1

How to De-Dollarize Financial Systems in the Caucasus and Central Asia?1 »

Source: How to De-Dollarize Financial Systems in the Caucasus and Central Asia?

Volume/Issue: 2015/203

Series: IMF Working Papers

Author(s): Sami Ben Naceur , Amr Hosny , and Gregory Hadjian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

ISBN: 9781513507279

Keywords: financial dollarization, financial development, de-dollarization, exchange, exchange rate, currency, inflation, deposits, General,

Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector develo...

How to De-Dollarize Financial Systems in the Caucasus and Central Asia?

How to De-Dollarize Financial Systems in the Caucasus and Central Asia? »

Volume/Issue: 2015/203

Series: IMF Working Papers

Author(s): Sami Ben Naceur , Amr Hosny , and Gregory Hadjian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

DOI: http://dx.doi.org/10.5089/9781513507279.001

ISBN: 9781513507279

Keywords: financial dollarization, financial development, de-dollarization, exchange, exchange rate, currency, inflation, deposits, General,

Dollarization rates in the Caucasus and Central Asia (CCA) region are among the highest in the world, with adverse consequences for macroeconomic stability, monetary policy transmission, and financial sector develo...

IMF Executive Board Concludes 2015 Article IV Consultation with Republic of Kazakhstan

IMF Executive Board Concludes 2015 Article IV Consultation with Republic of Kazakhstan »

Source: Republic of Kazakhstan : 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan

Volume/Issue: 2015/241

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2015

ISBN: 9781513575247

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal reforms, Monetary policy, Banking sector, Stress testing, Macroprudential Policy, Economic indicators, Balance of payments statistics

This 2015 Article IV Consultation highlights that against the backdrop of external shocks, economic growth and inflation in Kazakhstan have decelerated. Financial conditions have tightened, and external imbalances...

Republic of Kazakhstan
			: 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan

Republic of Kazakhstan : 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan »

Volume/Issue: 2015/241

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2015

DOI: http://dx.doi.org/10.5089/9781513575247.002

ISBN: 9781513575247

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal reforms, Monetary policy, Banking sector, Stress testing, Macroprudential Policy, Economic indicators, Balance of payments statistics

This 2015 Article IV Consultation highlights that against the backdrop of external shocks, economic growth and inflation in Kazakhstan have decelerated. Financial conditions have tightened, and external imbalances...

Republic of Kazakhstan: Staff Report for the 2015 Article IV Consultation

Republic of Kazakhstan: Staff Report for the 2015 Article IV Consultation »

Source: Republic of Kazakhstan : 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan

Volume/Issue: 2015/241

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2015

ISBN: 9781513575247

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal reforms, Monetary policy, Banking sector, Stress testing, Macroprudential Policy, Economic indicators, Balance of payments statistics

This 2015 Article IV Consultation highlights that against the backdrop of external shocks, economic growth and inflation in Kazakhstan have decelerated. Financial conditions have tightened, and external imbalances...

Republic of Kazakhstan: Staff Report for the 2015 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : 2015 Article IV Consultation-Press Release; Staff Report for the Republic of Kazakhstan

Volume/Issue: 2015/241

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2015

ISBN: 9781513575247

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fiscal reforms, Monetary policy, Banking sector, Stress testing, Macroprudential Policy, Economic indicators, Balance of payments statistics

This 2015 Article IV Consultation highlights that against the backdrop of external shocks, economic growth and inflation in Kazakhstan have decelerated. Financial conditions have tightened, and external imbalances...

The Republic of Kazakhstan
			: Financial System Stability Assessment

The Republic of Kazakhstan : Financial System Stability Assessment »

Volume/Issue: 2014/258

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 August 2014

DOI: http://dx.doi.org/10.5089/9781498311007.002

ISBN: 9781498311007

Keywords: banking, banking system, capital adequacy, banking sector, financial safety net

...

The Republic of Kazakhstan

The Republic of Kazakhstan »

Source: The Republic of Kazakhstan : Financial System Stability Assessment

Volume/Issue: 2014/258

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 August 2014

ISBN: 9781498311007

Keywords: banking, banking system, capital adequacy, banking sector, financial safety net

...

IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Kazakhstan »

Source: Republic of Kazakhstan : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/242

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781498305235

Keywords: oil, current account, external debt, gas, debt sustainability

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and extern...

Republic of Kazakhstan
			: Staff Report for the 2014 Article IV Consultation

Republic of Kazakhstan : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/242

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

DOI: http://dx.doi.org/10.5089/9781498305235.002

ISBN: 9781498305235

Keywords: oil, current account, external debt, gas, debt sustainability

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and extern...

Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2014/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

DOI: http://dx.doi.org/10.5089/9781484355671.002

ISBN: 9781484355671

Keywords: External debt, Exchange rate policy, Economic growth, Kazakhstan, Debt sustainability, Monetary policy, Inflation targeting, Selected Issues Papers, Reserves adequacy, unemployment

This Selected Issues paper analyzes whether Kazakhstan has made progress in achieving a more equal income distribution, lower poverty, and a higher level of employment. Given the overarching structural challenges f...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2014/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781484355671

Keywords: External debt, Exchange rate policy, Economic growth, Kazakhstan, Debt sustainability, Monetary policy, Inflation targeting, Selected Issues Papers, Reserves adequacy, unemployment

This Selected Issues paper analyzes whether Kazakhstan has made progress in achieving a more equal income distribution, lower poverty, and a higher level of employment. Given the overarching structural challenges f...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2014/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781484355671

Keywords: External debt, Exchange rate policy, Economic growth, Kazakhstan, Debt sustainability, Monetary policy, Inflation targeting, Selected Issues Papers, Reserves adequacy, unemployment

This Selected Issues paper analyzes whether Kazakhstan has made progress in achieving a more equal income distribution, lower poverty, and a higher level of employment. Given the overarching structural challenges f...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2014/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781484355671

Keywords: External debt, Exchange rate policy, Economic growth, Kazakhstan, Debt sustainability, Monetary policy, Inflation targeting, Selected Issues Papers, Reserves adequacy, unemployment

This Selected Issues paper analyzes whether Kazakhstan has made progress in achieving a more equal income distribution, lower poverty, and a higher level of employment. Given the overarching structural challenges f...

Republic of Kazakhstan: Selected Issues

Republic of Kazakhstan: Selected Issues »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2014/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781484355671

Keywords: External debt, Exchange rate policy, Economic growth, Kazakhstan, Debt sustainability, Monetary policy, Inflation targeting, Selected Issues Papers, Reserves adequacy, unemployment

This Selected Issues paper analyzes whether Kazakhstan has made progress in achieving a more equal income distribution, lower poverty, and a higher level of employment. Given the overarching structural challenges f...

Republic of Kazakhstan: Staff Report for the 2014 Article IV Consultation

Republic of Kazakhstan: Staff Report for the 2014 Article IV Consultation »

Source: Republic of Kazakhstan : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/242

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781498305235

Keywords: oil, current account, external debt, gas, debt sustainability

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and extern...

Republic of Kazakhstan: Staff Report for the 2014 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2014 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/242

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781498305235

Keywords: oil, current account, external debt, gas, debt sustainability

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and extern...

Monetary Policy in Hybrid Regimes
			: The Case of Kazakhstan

Monetary Policy in Hybrid Regimes : The Case of Kazakhstan »

Volume/Issue: 2014/108

Series: IMF Working Papers

Author(s): Natan Epstein , and Rafael Portillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2014

DOI: http://dx.doi.org/10.5089/9781498340724.001

ISBN: 9781498340724

Keywords: Interest Rate, Money Market, Exchange Rate, central bank, inflation, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects),

This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing inflation in the context of a managed exchange rate regime. Over the past two years, the central b...

Monetary Policy in Hybrid Regimes

Monetary Policy in Hybrid Regimes »

Source: Monetary Policy in Hybrid Regimes : The Case of Kazakhstan

Volume/Issue: 2014/108

Series: IMF Working Papers

Author(s): Natan Epstein , and Rafael Portillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2014

ISBN: 9781498340724

Keywords: Interest Rate, Money Market, Exchange Rate, central bank, inflation, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects),

This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing inflation in the context of a managed exchange rate regime. Over the past two years, the central b...

The Caucasus and Central Asia: Transitioning to Emerging Markets

The Caucasus and Central Asia: Transitioning to Emerging Markets »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The fiscal situation and fiscal institutions of CCA countries improved substantially over the last 20 years, although fiscal and public debt positions deteriorated following the global crisis and in most CCA...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly—on average by 7 percent over...

Chapter 7. Management of Energy Resource Wealth in the CCA

Chapter 7. Management of Energy Resource Wealth in the CCA »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The energy-rich CCA countries (ER-CCA; Azerbaijan, Kazakhstan, and Turkmenistan) have achieved significant improvements in living standards with the development and use of their energy wealth since the break...

Chapter 4. Monetary and Exchange Rate Policy in the CCA: Progress, Challenges, and Policies for the Next Decade

Chapter 4. Monetary and Exchange Rate Policy in the CCA: Progress, Challenges, and Policies for the Next Decade »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Over the past twenty years, CCA countries have made significant progress in strengthening monetary and exchange rate policy frameworks and in securing better policy outcomes—lower inflation and interest rate...

Chapter 8. Policies to Strengthen CCA External Linkages

Chapter 8. Policies to Strengthen CCA External Linkages »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Enhanced economic and financial cooperation with the rest of world and within the CCA offers tremendous opportunities for economic diversification and structural transformation to ensure sustainable growth....

Chapter 9. Structural Reforms and Political Economy30

Chapter 9. Structural Reforms and Political Economy30 »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Ambitious and decisive structural reforms are necessary for a better business environment and strong private-sector-led growth. Throughout their transition, CCA countries have advanced first generation refor...

Chapter 5. The CCA Financial Sector

Chapter 5. The CCA Financial Sector »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Over the last 20 years, and particularly during the decade that followed their independence, CCA countries put in place the first pillars of a modern financial system, allowing for substantial financial deep...

Chapter 2. The CCA Growth Experience

Chapter 2. The CCA Growth Experience »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Over the past two decades growth in the CCA region has been strong, but volatile, uneven, and narrowly based. Success in raising income per capita has varied across countries and seems tied to natural resour...

Chapter 3. The Vision for the CCA and How to Realize It

Chapter 3. The Vision for the CCA and How to Realize It »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Under current policies, per capita GDP growth in CCA countries will fall short of that achieved in the past two decades. By pursuing ambitious reforms to support higher, more stable, sustainable, and inclusi...

The Caucasus and Central Asia
			: Transitioning to Emerging Markets

The Caucasus and Central Asia : Transitioning to Emerging Markets »

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

DOI: http://dx.doi.org/10.5089/9781484305140.087

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

The Caucasus and Central Asia: Transitioning to Emerging Markets

The Caucasus and Central Asia: Transitioning to Emerging Markets »

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

Language: Russian

DOI: http://dx.doi.org/10.5089/9781498349581.087

ISBN: 9781498349581

Keywords: Transition economies, Middle East and Central Asia, Economic growth, Fiscal policy, Energy sector, Fiscal reforms, Financial sector, Bank supervision, Monetary policy, Emerging markets

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

Back Matter

Back Matter »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

This publication is currently available in PDF format only. Please click on the PDF link to the left

This publication is currently available in PDF format only. Please click on the PDF link to the left »

Source: The Caucasus and Central Asia: Transitioning to Emerging Markets

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

Language: Russian

ISBN: 9781498349581

Keywords: Transition economies, Middle East and Central Asia, Economic growth, Fiscal policy, Energy sector, Fiscal reforms, Financial sector, Bank supervision, Monetary policy, Emerging markets

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model*

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model* »

Source: Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model

Volume/Issue: 2014/50

Series: IMF Working Papers

Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

ISBN: 9781475515459

Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries
			: the DIGNAR Model

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model »

Volume/Issue: 2014/50

Series: IMF Working Papers

Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

DOI: http://dx.doi.org/10.5089/9781475515459.001

ISBN: 9781475515459

Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...

IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Kazakhstan »

Source: Republic of Kazakhstan : 2013 Article IV Consultation

Volume/Issue: 2013/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

ISBN: 9781484379493

Keywords: external debt, debt sustainability, current account, public sector debt

This paper analyzes the Republic of Kazakhstan's 2013 Article of Consultation. The IMF report focuses on vision of developing Kazakhstan into a leading emerging market economy requires concerted efforts to strength...

Republic of Kazakhstan
			: Selected Issues

Republic of Kazakhstan : Selected Issues »

Volume/Issue: 2013/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

DOI: http://dx.doi.org/10.5089/9781484352748.002

ISBN: 9781484352748

Keywords: oil, public investment, gas, capital expenditures, public investment programs

This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has be...

Republic of Kazakhstan
			: 2013 Article IV Consultation

Republic of Kazakhstan : 2013 Article IV Consultation »

Volume/Issue: 2013/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

DOI: http://dx.doi.org/10.5089/9781484379493.002

ISBN: 9781484379493

Keywords: external debt, debt sustainability, current account, public sector debt

This paper analyzes the Republic of Kazakhstan's 2013 Article of Consultation. The IMF report focuses on vision of developing Kazakhstan into a leading emerging market economy requires concerted efforts to strength...

Republic of Kazakhstan

Republic of Kazakhstan »

Source: Republic of Kazakhstan : Selected Issues

Volume/Issue: 2013/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

ISBN: 9781484352748

Keywords: oil, public investment, gas, capital expenditures, public investment programs

This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has be...

Republic of Kazakhstan: Staff Report for the 2013 Article IV Consultation

Republic of Kazakhstan: Staff Report for the 2013 Article IV Consultation »

Source: Republic of Kazakhstan : 2013 Article IV Consultation

Volume/Issue: 2013/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

ISBN: 9781484379493

Keywords: external debt, debt sustainability, current account, public sector debt

This paper analyzes the Republic of Kazakhstan's 2013 Article of Consultation. The IMF report focuses on vision of developing Kazakhstan into a leading emerging market economy requires concerted efforts to strength...

Republic of Kazakhstan: Staff Report for the 2013 Article IV Consultation—Informational Annex

Republic of Kazakhstan: Staff Report for the 2013 Article IV Consultation—Informational Annex »

Source: Republic of Kazakhstan : 2013 Article IV Consultation

Volume/Issue: 2013/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2013

ISBN: 9781484379493

Keywords: external debt, debt sustainability, current account, public sector debt

This paper analyzes the Republic of Kazakhstan's 2013 Article of Consultation. The IMF report focuses on vision of developing Kazakhstan into a leading emerging market economy requires concerted efforts to strength...

IMF Executive Board Concludes 2012 Article IV Consultation with the Republic of Kazakhstan

IMF Executive Board Concludes 2012 Article IV Consultation with the Republic of Kazakhstan »

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

Volume/Issue: 2012/164

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2012

ISBN: 9781475504859

Keywords: current account, external debt, banking, banking sector

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 cy...

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

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

Volume/Issue: 2012/164

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2012

DOI: http://dx.doi.org/10.5089/9781475504859.002

ISBN: 9781475504859

Keywords: current account, external debt, banking, banking sector

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 cy...

Republic of Kazakhstan

Republic of Kazakhstan »

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

Volume/Issue: 2012/164

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2012

ISBN: 9781475504859

Keywords: current account, external debt, banking, banking sector

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 cy...