Cover IMF Staff Country Reports
Republic of Kazakhstan: Staff Report for the 2005 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 244
Language:
English
Publication Date:
21 Jul 2005
DOI:
https://doi.org/10.5089/9781451820973.002
ISBN:
9781451820973
ISSN:
1934-7685
Pages:
49
Keywords:
ISCR; CR; U.S. dollar; lending; receipt; tenge; inflation objective; foreign currency; short-term debt; one-off receipt; broad money; fiscal policy; GDP deflator; banking sector; Oil prices; Loans; Commercial banks; Oil; gas and mining taxes; Global
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The staff report for the 2005 Article IV Consultation on the Republic of Kazakhstan highlights the economic outlook and fiscal policy. Inflation moderated to single-digit levels and confidence in the banking system strengthened, leading to rapid remonetization and significant dedollarization. The conduct of monetary policy has been complicated by the inflows of private capital, surging oil earnings, and buoyant demand conditions. Although Kazakhstan has made considerable progress in the structural area, the pace of reform implementation has slowed. Rapid growth has translated into lower poverty, but social indicators remain weak.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund