Republic of Kazakhstan: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Volume/Issue: Volume 2008 Issue 288
Publication date: August 2008
ISBN: 9781451821017
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Russian
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , ISCR , CR , food price inflation , price , refinancing , injection , foreign currency assets , Kazakhstan economy , market perception , current account , Loans , Exchange rates , Foreign assets , Credit , Global , Central Asia and the Caucasus , Central Asia

Summary

The Republic of Kazakhstan’s 2008 Article IV Consultation shows that banks have lost access to new external financing, credit extension has stalled, and growth has slowed. Nevertheless, Kazakhstan has considerable public financial resources to help it weather the current situation and the country is benefiting from high oil and commodity prices. A realistic assessment of the health of banks needs to be made and steps taken to mitigate risks, including by bolstering capital bases, strengthening bank supervision, and further developing the financial safety net framework.