Brazil president reshuffles cabinet to avert disaster
Brazilian President Dilma Rousseff ordered a government reshuffle, axing eight ministries in what was announced as a cost-cutting measure but seemed aimed at ending political paralysis.
'Who likes to pay tax? You don't, I don't': IMF chief
The head of the International Monetary Fund, Christine Lagarde, does not enjoy paying taxes and made that clear at a conference in Washington.
ADB predicts Kazakhstan's GPD to slow down to 1.5 percent in 2015
ADB lowered its forecast for Kazakhstan's economic growth expecting a decrease in private consumption in response to higher import prices and diminished private investment.
Germany pledges 100 mln euros for refugees
Germany committed an additional 100 million euros ($113 million) to UN agencies to improve assistance for refugees in their home regions.
Kazakh tenge per US dollar exchange rate forecast
In September, the US dollar rate in Kazakhstan will fluctuate in the range of 265-295 tenge per one US dollar, according to Anna Bodrova.
Why intervene with tenge free float?
Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.
Impact of China slowdown bigger than expected: IMF chief
The impact of China's economic slowdown on the global economy is bigger than previously thought, the head of the International Monetary Fund said.
Standard & Poor's affirms Kazakhstan's credit rating at BBB
Kazakhstan's credit rating remains at BBB with a negative outlook, according to S&P's latest report.
Moody's downgrades France rating citing slow growth
Moody's cut France's sovereign debt rating one notch to Aa2, saying the country will struggle with slow growth and a high debt burden for the next five years.
Kazakhstan’s Central Bank Governor on interventions into FX market
Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.
In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance
Kazakh Minister of Finance Bakhyt Sultanov said that salaries of Kazakhstanis should not depend on tenge per dollar exchange rate.
Kazakh central bank intervenes in FX market to stabilize tenge
The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.
Olzhas Khudaibergenov on currency interventions
Wednesday, September 16, the country’s Central Bank had to resort to currency interventions worth $114 million to sustain the tenge exchange rate.
World Bank warns of more turbulence from Fed tightening
The World Bank warned that monetary policy tightening by the Federal Reserve could spur a "perfect storm" of threats to growth and financial stability in developing economies.
IMF chief urges Africa to spend responsibly
IMF chief Christine Lagarde urged African governments to spend responsibly as she visited Liberia, a week after it was declared free from an Ebola epidemic which has shattered its economy.
Seven steps advised to Kazakhstan government after devaluation of national currency
National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.
Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev
Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.
Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science
Teachers’ salaries will be increased by 20-50% depending on the qualifications.
IMF chief says 'extremely encouraged' by Ukraine reforms
IMF chief Christine Lagarde heaped praise on Ukraine's reform efforts in a visit to Kiev following a deal to restructure the country's debt burden.
Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate
The part of the country’s FX and gold reserves spent earlier to maintain the tenge exchange rate [before the decision was taken August 20 to let the tenge float freely] was actually spent to bolster Russia’s economy: Halyk Bank Head.