Republic of Kazakhstan: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 237

Publication date: July 2010

ISBN: 9781455207220

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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 , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , bank , asset , loan , market , capital , Kazakhstani bank , market infrastructure , bank assets , anti-crisis spending , expenditure rule , consolidation plan , terms of trade , Fiscal rules , Nonperforming loans , Distressed assets , Fiscal stance , Currency markets , Global , derivatives market , interest rate , I , resolving Nonperforming loan , financial market development , NPL resolution , development in Kazakhstan , E , strengthening regulation

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Peru

Nepal

Peru

Summary

Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans. A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund. A robust and transparent public financial management system should be an integral part of any effective fiscal framework. Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks. A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.