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Kazakhs Not Seeking IMF Help

Kazakhs Not Seeking IMF Help  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.

Financialtribune.com