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IMF supports economic strategy of Kazakh government
Almaty, January 19 2009
The International Monetary Fund (IMF) supports the economic strategy of Kazakhstan's government at this point.
"We generally support the policy strategy the government is following," the press statement of the IMF mission to Kazakhstan runs.
According to IMF experts, the Kazakh government has pro-actively introduced a set of policies under its Anti-Crisis Program to help mitigate economic vulnerabilities and establish a basis for the resumption of strong growth.
"Kazakhstan has benefited from the prudent policy stance it followed in earlier years which meant that the country entered the current difficult period with a large fiscal surplus, low public debt, and a substantial stock of foreign currency assets," the press statement runs.
However, the IMF experts noted, the prompt and effective implementation of the anti-crisis measures will be the key to their success. This will require all parties (government, banks, companies, and the general public) to work together.