Kazakhs Not Seeking IMF Help
World Economy

Kazakhs Not Seeking IMF Help

Kazakhstan has no plans to seek International Monetary Fund financing despite a drop in government revenues caused by the oil price crash, the economy minister, Yerbolat Dosayev, said on Friday, Reuters reported. “No, we are not (in talks with the fund) and we do not plan any,” Dosayev told reporters, when asked if the Central Asian oil exporter could follow the example of Azerbaijan, which has already started such negotiations. The Kazakh tenge has lost nearly half of its value against the dollar since last August when the authorities switched to a floating exchange rate.

Short URL : http://goo.gl/U9G8DI
  1. http://goo.gl/WyZ1Ux
  • http://goo.gl/rRu4DZ
  • http://goo.gl/0QBnSm
  • http://goo.gl/hS8nWS
  • http://goo.gl/ylv6An

You can also read ...

Many experts on Afghanistan mock the founder of the mercenary army's concept of privatizing the war there.
Mercenary turned private security tycoon Erik Prince has...
Japan, EU, US  to Jointly Pressure China on Fair Trade
Japan, the US and the European Union will join together to...
Pakistan Maintains Macroeconomic Stability
The International Monetary Fund delegation appreciated...
Crunchtime looms for Turkey and South Africa where bond yields in both countries have surged this year.
Five big themes are likely to dominate the thinking of...
Investor Confidence Lifts Brazil Growth
Brazil’s economic recovery gained traction in the third...
Egypt Current Account Deficit Narrows, Inflation Falls
Egypt’s current account deficit narrowed to $1.6 billion in...
Danske Bank Robot Has 11,500 Clients
In just over half a year, Danske Bank A/S has attracted 11,500...
UK’s Labour in Corruption Scandal
Britain’s Labour party has been plunged into a corruption...