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IMF, World Bank policies may share blame in Ebola crisis Christine Lagarde, the Managing Director of the International Monetary Fund, had just called for an increase in the country's budget deficit so that it could battle Ebola.

19 November 2014

More Russian banks to enter Kazakh market: Eurasian Economic Commission Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov spoke about the mutual Kazakh-Russian financial market and the possibility of increasing the number of Russian banks in Kazakhstan, as well as the prospects of Kazakh banks entering the Russian market.

17 November 2014

Money from National Fund to help out Kazakh economy Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.

17 November 2014

Obama says US cannot carry 'world economy on our back' President Barack Obama said the United States cannot "carry the world economy on our back" and urged G20 leaders to work harder to create jobs by revving up growth.

15 November 2014

IMF: low oil prices to boost growth The fall in oil prices to their lowest levels in more than three years should give a boost to the sagging world economy, the International Monetary Fund said.

13 November 2014

Kazakhstan developing new payment system: Central Bank Governor “We want to come up with a payment system compatible with leading global payment systems”, he elaborated.

13 November 2014

IMF says Madagascar economy on the mend Madagascar's economy is showing signs of recovery, although spending in key sectors like health and education remain under pressure.

12 November 2014

G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies.

11 November 2014

Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.

11 November 2014

TENGRI LIFE

TENGRI TRAVEL

Central Bank Governor on situations in Russia and Kazakhstan According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.

10 November 2014

Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.

09 November 2014

Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's debt on government securities has grown by $2.5 billion in just one day.

08 November 2014

Summit of Islamic Financial Services Council to be held in Kazakhstan next year Governor of the National Bank of Kazakhstan has declared that the summit of the Council for Islamic Financial Services will be held in Almaty in 2015. He also spoke about the future of Islamic finance in Kazakhstan.

08 November 2014

New Bulgaria PM promises stability in EU's poorest country Bulgaria's new Prime Minister Boyko Borisov said he hoped to restore stability to the EU's poorest country.

08 November 2014

Joblessness, inequality top global concerns in 2015: report Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said.

07 November 2014

Foreign borrowers responsible for 40% of NPLs in Kazakhstan A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.

05 November 2014

ADB provides a loan of $122 million to support S&MBs in Kazakhstan The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.

04 November 2014

IMF on inflation rate in Kazakhstan Earlier the country’s Central Bank reported that the annual inflation rate as of the end of July stood at 7%.

04 November 2014

Kazakhstan provides financial aid to African countries to combat Ebola Kazakhstan has rendered financial aid to African countries through the UN Ebola Multi-Partner Trust Fund to combat the deadly Ebola virus.

03 November 2014