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
The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday.
more »
Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday.
more »
Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency.
more »
Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies.
more »
How should the EU's farm policy be reshaped and how should it be funded after 2013?
more »
MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses.
more »
Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets.
more »
New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy.
more »
The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid.
more »
The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union.
more »