Kazakhstan Growth Slows as External Pressures Rise : Kazakhstan Economic Update, Fall 2014

Kazakhstan is experiencing slower economic growth in 2014 due to negative supply- and demand-side effects. The Kazakh authorities are using expansionary fiscal and monetary policies to stimulate domestic demand. An uncertain global economic environment and regional geopolitical tensions pose risks to the economic outlook of Kazakhstan. If the economic slowdown starts to have a negative effect on the labor market, the government has instruments to mitigate its impact on the most vulnerable population. The government has identified a set of reforms that are expected to help diversify the economy and expand the non-oil sector. They have launched a major program of support for the development of small- and medium-sized enterprises, including by addressing the constraints related to access to credit. They are also working to improve the national regulatory and governance framework that will enhance the transparency and efficiency of economic transactions, facilitate private sector participation, and improve service delivery to the population. Ongoing reforms in customs administration and the courts are part of its reform agenda.

Bibliographic Details

Main Author:	World Bank Group
Language:	English en_US
Published:	Washington, DC 2014-09-30
Subjects:	ASSET HOLDINGS, ASSET POSITION, AUCTIONS, BAILIFFS, BALANCE OF PAYMENT, BALANCE OF PAYMENTS, BALANCE SHEET, BANK CREDIT, BANK LOANS, BANK RATE, BANKING CRISIS, BANKING SECTOR, BANKING SYSTEM, BINDING CONSTRAINT, BONDS, BUDGET DEFICIT, BUDGETING, CAPITAL ACCOUNT, CAPITAL FLOWS, CAPITAL INVESTMENT, CAPITAL MARKETS, CASH TRANSACTIONS, CENTRAL BANK, COLLATERAL, COMMERCIAL BANKS, COMMERCIAL CODE, COMPETITIVENESS, CONSUMER CREDIT, CONSUMER DURABLES, CONSUMER LOANS, CONSUMER PROTECTION, CONTRACT ENFORCEMENT, CREDIT GROWTH, CREDIT RISKS, CURRENCY, CURRENT ACCOUNT, CUSTOMS UNION, DEBT, DEBT SERVICE, DEPOSIT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE, DEPOSITS, DERIVATIVE, DEVALUATION, DEVALUATIONS, DEVELOPING COUNTRIES, DISBURSEMENTS, DISPUTE RESOLUTION, DOMESTIC BONDS, DOMESTIC DEMAND, DOMESTIC FINANCIAL MARKETS, DURABLE, ECONOMIC DEVELOPMENTS, ECONOMIC ENVIRONMENT, ECONOMIC GROWTH, ECONOMIC SLOWDOWN, ECONOMIC TRANSACTIONS, EMERGING ECONOMIES, EMERGING MARKETS, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPORT GROWTH, EXTERNAL DEBT, EXTERNAL DEMAND, EXTERNAL POSITION, EXTERNAL PRESSURES, EXTERNAL SHOCKS, FINANCIAL ASSET, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL STABILITY, FINANCIAL SUPPORT, FISCAL DEFICITS, FISCAL POLICIES, FISCAL POLICY, FISCAL POSITION, FIXED CAPITAL, FIXED INTEREST, FIXED INTEREST RATE, FLEXIBLE EXCHANGE RATE, FOREIGN CURRENCY, FOREIGN CURRENCY EXPOSURES, FOREIGN CURRENCY LOANS, FOREIGN DIRECT INVESTMENT, FOREIGN DIRECT INVESTMENTS, FOREIGN EXCHANGE, FOREIGN EXCHANGE RESERVES, GEOPOLITICAL TENSIONS, GLOBAL DEMAND, GLOBAL ECONOMY, GLOBAL INTEGRATION, GLOBAL MARKETS, GLOBAL TRADE, GOVERNMENT BUDGET, GOVERNMENT DEBT, GOVERNMENT INVESTMENT, GOVERNMENT SECURITIES, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HOLDING, HUMAN CAPITAL, IMPLICIT GOVERNMENT GUARANTEES, IMPORTS, INCOME LEVEL, INCOME LEVELS, INCOME TAX, INDEBTEDNESS, INFLATION, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENT, INSTITUTIONAL CAPACITY, INSTRUMENT, INSURANCE, INTEREST PAYMENTS, INTEREST RATE DIFFERENTIAL, INTEREST RATE DIFFERENTIALS, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL INVESTORS, INTERNATIONAL TRADE, INTERNATIONAL TRANSACTIONS, INVESTING, INVESTMENT ACTIVITIES, INVESTMENT ACTIVITY, INVESTMENT DECISIONS, INVESTMENT FINANCING, INVESTMENT STRATEGY, INVESTOR PROTECTION, ISSUANCE, JUDICIAL PROCESSES, JUDICIAL SYSTEM, JUSTICE SYSTEM, LABOR MARKET, LABOR MARKETS, LENDER, LENDER OF LAST RESORT, LENDERS, LIABILITY, LINE OF CREDIT, LIQUIDITY, LIQUIDITY RISKS, LIVING STANDARDS, LOAN, LOAN APPLICATION, LOAN PORTFOLIO, LOCAL CURRENCY, LONG-TERM INVESTMENTS, MACROECONOMIC POLICIES, MARKET CONDITIONS, MARKET DEVELOPMENT, MARKET DEVELOPMENTS, MARKET EFFICIENCY, MARKET INSTRUMENTS, MARKET INTEREST RATES, MARKET SIZE, MATURITY, MONETARY AUTHORITIES, MONETARY AUTHORITY, MONETARY POLICIES, MONETARY POLICY, MONEY MARKET, MORTGAGE, NATIONAL BANK, NON-PERFORMING LOANS, NPL, OIL ECONOMY, OIL PRICE, OIL PRICES, OIL REVENUE, OPEN MARKET, PAYMENT SERVICES, PENSION, PENSION FUND, PENSION FUNDS, PENSION SYSTEM, PENSIONS, POLICY RESPONSE, POLICY RESPONSES, PORTFOLIO, PORTFOLIO INVESTMENT, PORTFOLIO INVESTMENTS, PRIVATE BANKS, PRIVATE CONSUMPTION, PRIVATE INVESTMENT, PRUDENTIAL REGULATIONS, PUBLIC INVESTMENTS, PURCHASING POWER, REAL EXCHANGE RATE, REAL WAGE GROWTH, REGULATORY FRAMEWORK, REPO, REPO MARKET, REPO RATE, REPO RATES, RESERVE, RESERVE REQUIREMENTS, RESERVES, RETURN, RETURNS, RISK FACTORS, RULE OF LAW, SAFER ASSETS, SAFETY NET, SAVINGS ACCOUNT, SPOT PRICES, STOCK EXCHANGE, STOCKS, STRUCTURAL REFORMS, SUPPLY-SIDE, SWAP, SWAPS, TAX, TAX CODE, TAX INCENTIVES, TRADE BALANCE, TRADE SURPLUS, TRADING, TRANSPARENCY, TURNOVER, WEALTH EFFECT, WEIGHTS, WITHDRAWAL, WORKING CAPITAL, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2014/09/20346204/kazakhstan-growth-slows-external-pressures-rise-kazakhstan-growth-slows-external-pressures-rise-kazakhstan-economic-update-fall-2014 https://hdl.handle.net/10986/20670
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