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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »