European Parliament Library

Republic of Kazakhstan :, 2009 Article IV Consultation: Staff Report; Supplement; and Public Information Notice on the Executive Board Discussion

Kazakhstan’s financial system remains highly stressed despite large-scale government support; the economy is expected to contract in the near future. The staff report for Kazakhstan’s 2009 Article IV Consultation discusses economic developments and policies. Kazakhstan is better placed than many emerging market economies to weather the crisis given its large official foreign currency assets, low public debt, and favorable medium-term prospects. A full and independent assessment of all systemically important banks should be carried out in tandem with the strengthening of regulation and supervision, and the improvement of corporate governance
Table Of Contents
Cover; Executive Summary; Contents; I. Economic Contraction in the Face of Financial Crisis; Boxes; 1. Spillovers to and from Kazakhstan; 2. A Worst Case Scenario for Kazakhstan; II. A Strong Policy Response, But Considerable Challenges Remain; A. Dealing with Financial Sector Distress; 3. Kazakhstan's Anti-Crisis Plan; 4. What is Samruk-Kazyna?; B. Policy Stimulus: How, and By How Much?; C. Exchange Rate Policy: Providing Stability in an Unstable World; III. Staff Appraisal; 5. What Will the Banking Sector Look Like After the Crisis?; 6. Exchange Rate Regime Options for Kazakhstan; Figures
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (58 p.)
Specific Material Designation
Form Of Item

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