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Monday, November 18th, 2019

IMF TECHNICAL ASSISTANCE CENTER FOR CENTRAL ASIA, CAUCASUS AND MONGOLIA TO BE LOCATED IN ALMATY

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by October 21, 2019 General

Chairman of the National Bank of Kazakhstan Yerbolat Dossayev visited Washington D.C. for a working trip, where he held a series of negotiations with the leaders of the International Monetary Fund (IMF), World Bank, overseas central and investment banks, Strategy2050.kz learns from the National Bank’s official website.

Mr Dossayev and new IMF Managing Director Kristalina Georgieva discussed the challenges and opportunities for Kazakhstan’s economy in the emerging global macroeconomic environment and under the influence of various internal and external factors.

Also the Chairman of the National Bank participated in a collegiate discussion of finance ministers and central bank governors of the Caucasus and Central Asia. During his speech, Dossayev told the participants about the upcoming reorganization of the National Bank and the introduction of a regulatory risk-based approach in the supervisor activities.

As part of the event, the IMF management announced that for localization of the future Regional Center of IMF Technical Assistance for Central Asia, Caucasus and Mongolia the choice was made in favor of the city of Almaty.

During his stay in Washington D.C. the Chairman of the National Bank also met with EBRD President Suma Chakrabarti and discussed with him various aspects of Kazakhstan’s with the international development institute.

In addition, Dossayev met with World Bank’s Europe and Central Asia region Vice President Cyril Muller. During the negotiations, the interlocutors raised topics of macroeconomic policy, discussed the possibility of increasing lending of economics, as well as issues of improving monetary and fiscal politicians.

Cooperation of Kazakhstan with the International Finance Corporation was discussed by the National Bank Chairman with head of this organization Philippe Le Houerou.

Source: STRATEGY 2050

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