Anti-Сrisis Measures

From November 2 to 13, 2020, online meetings of IMF staff were held under the leadership of the IMF Mission Chief for Kazakhstan, Nicolas Blanchette, with representatives of government agencies, quasi-public sector and financial marke.organizations.

The events were held to review the current financial and economic development of Kazakhstan, assess the prospects of monetary and fiscal policy, as well as support measures during the current crisis.

According to the Mission Chief, Nicolas Blanchette, all measures taken by the National Bank and the Government in response to the COVID-19 pandemic and sharp deterioration of external conditions were decisive and timely. The IMF highly appreciated the National Bank's commitment to the inflation targeting policy, as well as the Government's response to the pandemic. The Fund strongly supports a commitment to more sustainable and inclusive growth in the post-crisis period.

Measures to restore economic activity, support for SMEs and the population, and issues of ensuring financial stability were also discussed during the meetings.

As a result of the visit, the Final Statement of the IMF Mission was prepared and published on the websites of the IMF and the National Bank of Kazakhstan. The next visit of the IMF's Article IV Consultation Mission will take place in the spring of 2021.