Financial Sector Assessment Program launched in Kazakhstan

In the period from March 27 to April 11, 2023, Kazakhstan hosts the First full-time mission of the Financial Sector Assessment Program of the Republic of Kazakhstan (FSAP) of the International Monetary Fund (IMF) and the World Bank.

FSAP is a comprehensive and in-depth analysis of the country's financial sector in two main areas: assessment of the stability and reliability of the financial sector and assessment of its potential contribution to the growth and development of the country's economy.

The first full-time mission covers 8 areas: analysis of systemic and climate risks, financial security networks, assessment of macroprudential policy and banking regulation in accordance with the Basel Standards, analysis of regulation of crypto assets, financial intermediation and capital market development.

As part of the First mission to Kazakhstan, FSAP experts consult with the Agency, the National Bank, the Ministries of Finance, National Economy, Digital Development, Innovation and Aerospace Industry, Energy, Ecology and Natural Resources, the Association of Financiers of the Republic of Kazakhstan, the Stock Exchange, financial organizations, JSC NUH "Baiterek", the Development Bank of Kazakhstan, AIFC and others organizations.

The next visit of FSAP experts to the Republic of Kazakhstan is expected in July 2023 as part of the FSAP Core Mission.

Based on the results of the Financial Sector Assessment Program, the IMF and the World Bank will present a Report on the stability of the country's financial sector and recommendations for its further development.

 

External Communications Division

+7 (727) 237 1089, press@finreg.kz