Economy

Diplomat: Kazakhstan Set for Economic Recovery, But What Next?
193

Diplomat: Kazakhstan Set for Economic Recovery, But What Next?

A World Bank report released today, “Europe and Central Asia Economic Update: Trade in Transition,” notes that growth across the megaregion stretching from Europe to Eurasia is set to accelerate through 2017, following the slowdown sparked by 2014’s crash in oil prices. As Astana enters an upturn, sustaining reform momentum will be vital as will confronting corruption.

12-05-2017, 10:49
IMF: Kazakhstan should focus on strengthening macroeconomic frameworks, banking sector, diversify economy
187

IMF: Kazakhstan should focus on strengthening macroeconomic frameworks, banking sector, diversify economy

In a 9 May “2017 Article IV Consultation with the Republic of Kazakhstan” the International Monetary Fund (IMF) has commended Kazakhstan’s authorities’ efforts in coping with the fluctuating oil prices and emphasized the banking sector weaknesses, particularly high non-performing loans, should be a top priority for the country’s officials.

11-05-2017, 10:09
Uzbek president demands to cut imports, increase production and export
151

Uzbek president demands to cut imports, increase production and export

Despite government’s efforts to expand the production of localized import-substituting products, Uzbekistan has seen unreasonable growth in imports, which leads to inefficient use of foreign currency resources that could be directed at projects aimed at further expansion of domestic production and creation of new jobs. This was reported at the 19 April teleconference chaired by Uzbek President Shavkat Mirziyoyev. The teleconference addressed the strengthening of officials' personal responsibility of at all levels for optimizing the volume and structure of imports by deepening the localization of the production and increasing exports, Uzbek media reported.

27-04-2017, 10:42