IMF Urges Kazakhstan To Stay The Course On Inflation
Collage: Orda.kz
The International Monetary Fund has backed the National Bank of Kazakhstan’s tight monetary policy following its June mission to the country, Orda.kz reports.
At the same time, the IMF’s latest statement no longer mentions economic overheating — a risk the fund had warned about earlier.
The IMF mission worked in Kazakhstan from June 3 to 12. According to the fund, economic growth remains resilient, supported by high oil prices. The IMF expects Kazakhstan’s GDP to grow by about 4.6% in 2026.
The fund noted that inflation in Kazakhstan is gradually slowing. It fell from 12.9% in September 2025 to 10.4% in May 2026. However, inflation remains above the target level, so IMF experts recommended maintaining restrictive monetary policy.
The IMF also repeated a point it has made before: the National Bank’s efforts alone are not enough to bring inflation down. State and quasi-state financing policies should also be more cautious, otherwise the economy could again face overheating risks.
Among the risks for Kazakhstan, the IMF listed stronger domestic demand, rising import prices, worsening conditions in global financial markets, and possible disruptions to the Caspian Pipeline Consortium.
Original author: Alexander Zhdanov
Read also:
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
