1 / 11

«The global financial crisis: its effects and anti-crisis programs of Kazakhstan»

«The global financial crisis: its effects and anti-crisis programs of Kazakhstan». Embassy of the Republic of Kazakhstan in the Czech Republic Ostrava, May 19, 2009. 116. 223,6. 216,8. 199,1. 114. 179,8. 112. 163,9. 149,6. 110. 136,8. 124,6. 108. 109,8. 106. 104. 102. 100.

lee-hicks
Download Presentation

«The global financial crisis: its effects and anti-crisis programs of Kazakhstan»

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. «The global financial crisis: its effects and anti-crisis programs of Kazakhstan» Embassy of the Republic of Kazakhstan in the Czech Republic Ostrava, May 19, 2009

  2. 116 223,6 216,8 199,1 114 179,8 112 163,9 149,6 110 136,8 124,6 108 109,8 106 104 102 100 109,8 113,5 109,8 109,3 109,6 109,7 110,7 108,9 103,2 98 2003 2004 2005 2006 2008 2000 2001 2002 2007 real growth, % accumulated GDP growth (right) GDP, real growth, %

  3. 9000 8000 7000 6000 5000 8 435 4000 6 672 3000 5 292 2000 3 771 2 836 2 064 1000 1 659 1 491 1 229 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 GDP per capita, USD

  4. 2007 2008 2009 21,0 18,7 18,0 15,0 % 12,0 9,5 9,0 9,0 8,5 6,0 Jul.08 Jul.09 Jul.07 Apr.08 Jun.08 Apr.07 Jun.07 Apr.09 Jun.09 Jan.08 Sep.08 Oct.08 Jan.09 Sep.09 Oct.09 Jan.07 Sep.07 Oct.07 Dec.07 Feb.08 Mar.08 Aug.08 Dec.08 Feb.09 Mar.09 Aug.09 Dec.09 Feb.07 Mar.07 Aug.07 Nov.08 Nov.09 Nov.07 May.07 May.08 May.09 Annual inflation

  5. 8 000 7 000 6 000 5 000 bln. tenge 4 000 3 000 2 000 1 000 0 Jul-07 Jul-08 Apr-08 Apr-07 Jun-07 Jun-08 Oct-07 Jan-08 Jan-07 Oct-08 Feb-08 Feb-07 Aug-07 Sep-07 Aug-08 Sep-08 Nov-07 Dec-07 Nov-08 Dec-08 Dec-06 Mar-08 Mar-07 May-08 May-07 to legal entities to individuals Banks Credits to Economy

  6. 100 90 80 70 60 % to GDP 50 40 30 20 10 0 2000 2001 2002 2003 2004 2005 2008 1997 1998 1999 2006 2007 Banks assets

  7. 5 000 4 000 bln.tenge 3 000 2 000 1 000 0 Feb-08 Feb-07 Nov-07 Nov-08 Jul-07 Jul-08 Apr-07 Sep-07 Oct-07 Jan-08 Apr-08 Jan-07 Sep-08 Oct-08 May-07 May-08 Mar-07 Mar-08 Jun-07 Dec-07 Dec-06 Jun-08 Dec-08 Aug-07 Aug-08 legal entities individuals Deposits of Residents

  8. 45 40 35 27,3 22,3 30 21,0 14,1 USD bln. 25 20 15 5,1 8,1 10 19,7 19,4 19,1 17,6 1,2 1,9 3,7 5 9,3 7,1 5,0 3,1 2,5 2,1 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feb.2009 NBK International reserves National Fund International Reserves and National Fund • Gross International Reserves (February 2009) – USD 42.0 bln.

  9. The primary objective of the National Bank – the maintenance of price stability Responsibilities: Formulation and implementation of monetary policy Providing of functioning of payment systems Implementation of currency regulation and currency control Contributing to financial stability Monetary Policy

  10. Measures of the National Bank • Interest rate policy • From February 2009 the official refinancing rate is equal to 9.5%, deposit rate – 4.75% • Increase of notes yield • Liquidity providing to banks: • Reverse REPO • Softening of minimal reserve requirements In 2009 National Bank shut down currency SWAP operations and SWAP operations secured by balances in banks' correspondent accounts with the National Bank.

  11. 160 155 150 145 KZT/USD 140 135 130 125 120 115 Jul-03 Jul-04 Jul-05 Jul-06 Jul-08 Jul-01 Jul-02 Jul-07 Jan-04 Jan-05 Jan-06 Jan-07 Jan-09 Jan-01 Jan-02 Jan-03 Jan-08 Nominal exchange rate

More Related