This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving … most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful … includes public enterprises in the oil and gas industry, is systemic in Kazakhstan. During the crisis the quasifiscal sector …

architecture and promoting a business environment unencumbered by the state remain key challenges for Kazakhstan to become a …

developing Kazakhstan into a leading emerging market economy requires concerted efforts to strengthen the policy architecture. It …

This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The … accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under …

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 …

The 2007 Article IV Consultation on the Republic of Kazakhstan focuses on the appropriate policy response to mounting …