Measures, taken by the Kazakh government as part of Nurly Zhol and ‘100 concrete steps’ programs, will help strengthen the financial system and cope with the current challenges, deputy director of the Middle East and Central Asia Department of the IMF Juha Kahkonen said. The expert also noticed that the Kazakh National Bank’s decision to move to floating exchange rate was right. The IMF expects that the launch of Kashagan will contribute to the economic development.

 

Juha KAHKONEN, DEPUTY DIRECTOR OF MIDDLE EAST AND CENTRAL ASIA DEPARTMENT, IMF:

Currently oil prices in the futures markets are a bit higher than that for the next few years. Still I don’t see a problem with conservative oil prices assumptions in budgets.

 

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