Transcription of Partnership Program Snapshot April 2015 - World …
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Partnership Program Snapshot April 2015 - World …
World Bank Group Kazakhstan Partnership Program Snapshot April 2015. RECENT ECONOMIC AND exchange rate, in the second half of 2014 the NBK. SECTORAL DEVELOPMENTS spent a record amount of its foreign exchange reserves (about US$14 billion, two-thirds of the total). Growth and External Performance and tightened monetary policy by curbing tenge liquidity and allowing money market interest rates to Kazakhstan experienced slower growth and soar by end-2014 (they averaged 33 percent in higher inflation in 2014. Kazakhstan's real GDP December 2014).
3 Tighter monetary policy and targeted policy interventions impacted the rate of credit growth and its composition. By year-end 2014, credit
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