Kazakhstan’s PM Massimov meets IMF delegation

Kazakhstan’s Prime Minister Karim Massimov met the IMF delegation headed by David Owen, Deputy Director of the IMF's Middle East and Central Asia. The sides discussed global economic trends and their impact on the Kazakhstan’s economy, Tengrinews.kz reported, citing PM Massimov's Twitter account. “Discussed global economy and current situation in Kazakhstan with IMF mission. Kazakhstan's economy is growing, oil prices are falling”, PM wrote. As of the end of the Q1 2011 Kazakhstan’s economy growth made up 6.5%. The Government has adopted a plan to secure 7% growth. Kazakhstan's economy is set to expand by 5.9% this year, the International Monetary Fund said on Wednesday, raising its previous forecast given the resurgent commodity prices and growth in neighboring countries. Earlier, the IMF forecast for 2011 GDP growth was at the level of 5.1%.