European Parliament Library

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

Abstract
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
Table Of 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""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475586459

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