Tuesday, 02 January 2024 12:17 GMT

Kazakhstan Shows Positive Economic Momentum, IMF Says


(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 12. The International Monetary Fund (IMF) has noted positive dynamics in Kazakhstan's economic development, said Amina Lahreche, head of the IMF mission to Kazakhstan.

According to the press service of the government of Kazakhstan, she made the statement during a meeting with the Prime Minister of Kazakhstan, Olzhas Bektenov.

“We can currently observe positive dynamics in Kazakhstan's economic development. The balance of payments situation is improving, and the economy demonstrates resilience, including due to effective compensation of external factors related to oil supply. We also note the consistent improvement of economic policy and decision-making,” Lahreche said.

She added that the IMF positively assesses the country's monetary policy, which contributes to macroeconomic stabilization. Despite strong economic growth, a gradual easing of inflationary pressures is also being observed.

“We welcome the adoption of the Joint Action Plan of the Government, the National Bank, and the Agency for Regulation and Development of the Financial Market. We believe that a coordinated approach to economic policy implementation will further strengthen macroeconomic stability and ensure sustainable economic development in Kazakhstan,” she said.

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