IMF, Kazakhstan Discuss Financial And Economic Cooperation
Date
9/16/2024 9:25:53 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, September 16. Kazakhstan's
Prime Minister Olzhas Bektenov and Bo Li, Deputy Managing Director
of the International Monetary Fund (IMF), have discussed financial
and economic cooperation, the Ministry of Economy of Kazakhstan
told Trend .
During the meeting, the strategic nature of Kazakhstan's
relationship with the IMF was highlighted. The sides noted the
positive outcomes of their collaboration, which has supported
structural reforms, tax and budget policy development, and the
growth of Kazakhstan's financial markets.
Bektenov emphasized the government's commitment, in partnership
with the National Bank and the Agency for Development and
Regulation of the Financial Market, to pursue policies aimed at
achieving robust economic growth.
He also pointed out that Kazakhstan's sovereign rating was
upgraded to Baa1 with a stable outlook by Moody's on September 9.
This rating, the highest in the country's history, reflects ongoing
improvements in institutional environments and economic
diversification.
Bo Li, for his part, expressed a strong interest in continuing
close and constructive cooperation with Kazakhstan.
Kazakhstan has been a member of the IMF since 1992. Last year,
the IMF opened a Regional Capacity Development Center in Almaty for
countries in the Caucasus, Central Asia, and Mongolia.
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