Kazakhstan, IMF Discuss Co-Op Plans For Near Future
Date
10/1/2024 3:11:24 PM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, October 1. Kazakhstan and
International Monetary Fund (IMF) discussed cooperation plans for
the near and medium term, Trend reports.
The matter was reviewed during a meeting between Kazakhstan's
Deputy Prime Minister, Minister of National Economy Nurlan
Baibazarov with the head of the IMF mission in Kazakhstan Nicolas
Blanchet.
Within the framework of the regular visit to Kazakhstan, the IMF
mission held a number of meetings with key government bodies,
including the Parliament, the National Bank, the Ministry of
National Economy, the Ministry of Finance and other
stakeholders.
The parties discussed the current economic situation, ongoing
reforms and measures taken by Kazakhstan to ensure sustainable
economic growth. The IMF gave recommendations on the priority
directions of the economic policy development.
Kazakhstan's Deputy Prime Minister noted the continued growth of
the economy and its acceleration up to 3.7 percent from January
through August 2024. He also noted the country's work to improve
the effectiveness of budget policy, improve tax legislation,
enhance investment attractiveness and development of
entrepreneurship. At the same time, the representatives of the IMF
noted the need to continue structural reforms in the economy to
reach a sustainable 6 percent growth.
Earlier, Kazakhstan's Prime Minister Olzhas Bektenov and IMF's
Deputy Managing Director Bo Li have discussed financial and
economic cooperation.
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.
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