Failure of talks with Kazakhstan.
Published:
12 August 1999 y., Thursday
The International Monetary Fund expressed regret at the failure of its latest talks with Kazakhstan on Monday and urged the former Soviet republic to keep interest rates high and push ahead with reforms. "Directors emphasized the positive influence that a comprehensive adjustment program could have on investor confidence," the IMF said in a document summarizing a July 26 review of the Kazakh economy. "Directors regretted that the Kazakh authorities and staff were not able to reach an agreement that would bring the Extended Fund Facility (loan) program back on track. In the present difficult external environment, they encouraged the authorities to formulate without delays an economic program that could be supported by the IMF." It appeared to be the first formal IMF confirmation that Kazakhstan was no longer meeting the terms of a 3-year IMF lending program which expired this month. IMF officials said in May that they planned further talks, but they admitted at the time there were differences on the budget, on government spending and on trade policy.
Šaltinis:
IMF
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »