KAZAKHSTAN

For CCAMTAC member countries, CCAMTAC advisors focus on the following areas:

•           Macroeconomic analysis: macro-frameworks, analysis, forecasting, and communications.

•           Fiscal policy: public financial management, macro-fiscal issues, revenue administration.

•           Monetary and financial sector: central bank operations and financial regulation and supervision.

•           Macroeconomic statistics: national accounts, price, and government-finance and debt statistics.

Technical assistance (TA) is demand driven, taking into account priorities and available resources. Capacity development activities for Kazakhstan included:

 

Regulation and Supervision: Risk-based supervision - liquidity (July 19 - September 3, 2021)

The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (the Agency) has requested Technical Assistance (TA) to implement risk-based supervision. Three missions have been undertaken since September 2020. The purpose of this activity is to provide recommendations and targeted training on the implementation of Pillar 2 liquidity requirements. The mission assists the Agency with the development of the internal supervisory methodology for the assessment of a bank’s Internal Liquidity Adequacy Assessment Process (ILAAP), and also provides guidance on survival horizon indicators.

Monetary and Foreign Exchange Operations (January 15 - April 30, 2021)

The mission reviewed past TA, assessed TA needs, and provided the future CCAMTAC resident advisor on central banking with input for a work plan.