Kazakhstan Update May 2017
Summary:
Radical changes. After spending several years of trying to mitigate the
impact of the currency collapse and economic slowdown, the government
has adopted a radical program to try and revive the economy and attract a
bigger volume of inward investment. This includes:
Higher budget spending and a 3% deficit
Build up debt and take more money from the National Fund
Take the bad assets from banks into a Bad Bank
Tackling high-level corruption
Changes in government
Constitutional changes aimed at calming concerns over succession
