Cover IMF Staff Country Reports
Republic of Kazakhstan: 2022 Article IV Consultation-Press Release; and Staff Report
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 367
Language:
Russian
Publication Date:
14 Dec 2022
DOI:
https://doi.org/10.5089/9798400230813.002
ISBN:
9798400230813
ISSN:
2790-6892
Pages:
60
Keywords:
IMF TA; climate strategy; General government Fiscal Operations; State social insurance fund; quasi-government entity; FSI website; Inflation; Government finance statistics; Fiscal stance; Financial soundness indicators; Global
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Inflation has surged to 18 percent while growth is projected to slow to 2.7 percent this year. High oil prices have strengthened fiscal and external buffers, while the revised budget increased public spending by 2½ percentage points of GDP to support activity. Subsidiaries of sanctioned Russian banks have exited the domestic market and regulatory compliance is being enhanced to avoid secondary sanctions. Risks to the outlook remain tilted to the downside, as adverse global conditions could lower oil prices and raise borrowing costs, while oil exports through Russian territory remain a major source of vulnerability. Accelerated economic diversification and private sector development are needed to attain sustainable and inclusive growth.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 367