Republic of Kazakhstan [electronic resource] : Staff Report for the 2005 Article IV Consultation.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 05/244Publication details: Washington, D.C. : International Monetary Fund, 2005Description: 1 online resource (49 p.)ISBN: 1451820976 :ISSN: 1934-7685Subject(s): Article IV Consultations | Balance of Payments | Bank Soundness | Economic Conditions | Exchange Rate Policy | External DebtAdditional physical formats: Print Version:: Republic of Kazakhstan : Staff Report for the 2005 Article IV ConsultationOnline resources: IMF e-Library | IMF Book Store Abstract: The staff report for the 2005 Article IV Consultation on the Republic of Kazakhstan highlights the economic outlook and fiscal policy. Inflation moderated to single-digit levels and confidence in the banking system strengthened, leading to rapid remonetization and significant dedollarization. The conduct of monetary policy has been complicated by the inflows of private capital, surging oil earnings, and buoyant demand conditions. Although Kazakhstan has made considerable progress in the structural area, the pace of reform implementation has slowed. Rapid growth has translated into lower poverty, but social indicators remain weak.
The staff report for the 2005 Article IV Consultation on the Republic of Kazakhstan highlights the economic outlook and fiscal policy. Inflation moderated to single-digit levels and confidence in the banking system strengthened, leading to rapid remonetization and significant dedollarization. The conduct of monetary policy has been complicated by the inflows of private capital, surging oil earnings, and buoyant demand conditions. Although Kazakhstan has made considerable progress in the structural area, the pace of reform implementation has slowed. Rapid growth has translated into lower poverty, but social indicators remain weak.
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