Publication:
Kazakhstan Economic Update No. 1, Spring 2015: Low Oil Prices--An Opportunity to Reform

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-05-19T16:01:17Z
dc.date.available2015-05-19T16:01:17Z
dc.date.issued2015-05
dc.description.abstractKazakhstan’s gross domestic product (GDP) growth slowed in 2014 because of weak demand and the fall in oil prices. Government policies were directed to mitigating the impact of lower oil prices on growth. So far labor market and poverty reduction outcomes do not seem to have been affected by the downturn, thanks to continued job creation, inter-sectoral and geographic mobility, and new employer social arrangements. The same factors that slowed growth in 2014 are also clouding the outlook for the medium term. Trade and transport services will be affected by a knock-on effect from lower mining and industrial exports. However, GDP growth is projected to recover gradually along with oil prices. Continuing the current policy mix of modest fiscal expansion and tight monetary policy will not boost the economy; for the medium term a more neutral monetary policy stance and a more flexible exchange rate regime will more sustainably support growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/05/24439136/kazakhstan-low-oil-prices-opportunity-reform
dc.identifier.doi10.1596/21895
dc.identifier.urihttps://hdl.handle.net/10986/21895
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUCTION
dc.subjectLIVING STANDARDS
dc.subjectMONETARY POLICY
dc.subjectDEFICIT
dc.subjectHOLDING
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectOIL PRICE
dc.subjectNPL
dc.subjectDEPOSITS
dc.subjectSTOCK
dc.subjectFISCAL DEFICITS
dc.subjectMARKET DEVELOPMENTS
dc.subjectREPO
dc.subjectINTEREST
dc.subjectGUARANTEES
dc.subjectGOVERNMENT SPENDING
dc.subjectINTEREST RATE
dc.subjectPROPERTY RIGHTS
dc.subjectEXCHANGE
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectBALANCE OF PAYMENTS
dc.subjectLIQUIDITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectREVENUES
dc.subjectENFORCEMENT SYSTEM
dc.subjectPORTFOLIO
dc.subjectFISCAL POLICY
dc.subjectDEVALUATION
dc.subjectLOAN
dc.subjectINVESTMENT LOANS
dc.subjectBORROWING PLAN
dc.subjectTAX
dc.subjectNON-PERFORMING LOANS
dc.subjectINCOME TAX
dc.subjectWEALTH EFFECT
dc.subjectBENEFICIARIES
dc.subjectASSET POSITION
dc.subjectCREDITORS
dc.subjectINFLATION
dc.subjectPENSION
dc.subjectCREDITOR
dc.subjectSAFETY NETS
dc.subjectBUDGET
dc.subjectCENTRAL BANK
dc.subjectLIENS
dc.subjectLABOR MARKET
dc.subjectTRADE BALANCE
dc.subjectOIL PRICES
dc.subjectINDEBTEDNESS
dc.subjectCURRENCY
dc.subjectFINANCIAL INSTITUTION
dc.subjectSELF-REGULATION
dc.subjectSTRATEGIC INVESTORS
dc.subjectCONSUMER CREDIT
dc.subjectPORTFOLIOS
dc.subjectINCOME GROWTH
dc.subjectCONTRACTS
dc.subjectINFLATIONARY PRESSURES
dc.subjectEXCHANGE RATES
dc.subjectINTEREST RATES
dc.subjectMONETARY FUND
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectDEBT
dc.subjectPRIVATE INVESTMENT
dc.subjectDEFICITS
dc.subjectINFLATION RATE
dc.subjectCREDITOR RIGHTS
dc.subjectBUSINESS CYCLE
dc.subjectBUDGET DEFICIT
dc.subjectDOMESTIC DEBT
dc.subjectECONOMIC POLICIES
dc.subjectDIRECT INVESTMENT
dc.subjectLOANS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectRESERVES
dc.subjectDEBT SERVICE
dc.subjectRULE OF LAW
dc.subjectPENSION FUNDS
dc.subjectMONETARY AUTHORITIES
dc.subjectFINANCE
dc.subjectFOREIGN CURRENCY
dc.subjectPUBLIC INVESTMENT
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectBANKING SECTOR
dc.subjectEXPENDITURE
dc.subjectGOVERNMENT SECURITIES
dc.subjectTRANSACTIONS
dc.subjectIPO
dc.subjectREPO MARKET
dc.subjectINVESTORS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectGOOD
dc.subjectTAX RATE
dc.subjectGOVERNMENT BUDGET
dc.subjectTRANSPARENCY
dc.subjectSURETIES
dc.subjectCONSUMER LOANS
dc.subjectPENSIONS
dc.subjectMONETARY STABILITY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectCAPACITY CONSTRAINTS
dc.subjectBUDGETS
dc.subjectPURCHASING POWER
dc.subjectINVESTOR CONFIDENCE
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectCONTRACT
dc.subjectPRICE CHANGES
dc.subjectEXPENDITURES
dc.subjectDISBURSEMENTS
dc.subjectPROPERTY
dc.subjectFINANCIAL ASSET
dc.subjectSHARES
dc.subjectMARKET
dc.subjectFOREIGN EXCHANGE
dc.subjectNON-PERFORMING LOAN
dc.subjectSECURITIES
dc.subjectPUBLIC DEBT
dc.subjectMARKET INTEREST RATES
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT POLICIES
dc.subjectINTERESTS
dc.subjectTAX CODE
dc.subjectGOODS
dc.subjectINVESTOR
dc.subjectNATIONAL BANK
dc.subjectINVESTMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectSHARE
dc.subjectLOAN PORTFOLIOS
dc.subjectCOLLATERAL
dc.subjectPOVERTY
dc.subjectFINANCIAL ASSETS
dc.subjectREVENUE
dc.subjectMONEY MARKET
dc.subjectEXTERNAL DEBT
dc.subjectINVESTMENTS
dc.subjectLENDING
dc.subjectCREDIT GROWTH
dc.subjectPENSION FUND
dc.subjectEXCHANGE RATE
dc.subjectINSTRUMENT
dc.subjectREMITTANCES
dc.subjectPUBLIC SPENDING
dc.subjectREGULATORY GOVERNANCE
dc.titleKazakhstan Economic Update No. 1, Spring 2015en
dc.title.subtitleLow Oil Prices--An Opportunity to Reformen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-05-04
okr.date.doiregistration2025-05-07T08:53:36.650904Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2015/05/24439136/kazakhstan-low-oil-prices-opportunity-reform
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid414261468171861342
okr.guid766781468182065283
okr.identifier.externaldocumentum090224b082e34ac4_1_0
okr.identifier.internaldocumentum24439136
okr.identifier.report96195
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/05/04/090224b082e34ac4/1_0/Rendered/PDF/Kazakhstan000L0pportunity0to0reform.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitMacro Fiscal Mgmt - GP (GMFDR)
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