(AGENPARL) - Roma, 15 Dicembre 2022 - (AGENPARL) – gio 15 dicembre 2022 [IMF Country Reports](http://www.imf.org/external/pubs/cat/scr1_sp.aspx?s_year=1997&e_year=2012&brtype=default)
[Open in your browser](http://www.imf.org/en/Publications/CR/Issues/2022/12/14/Republic-of-Kazakhstan-2022-Article-IV-Consultation-Press-Release-and-Staff-Report-526958?cid=em-COM-123-45841)
http://www.imf.org/en/Publications/CR/Issues/2022/12/14/Republic-of-Kazakhstan-2022-Article-IV-Consultation-Press-Release-and-Staff-Report-526958?cid=em-COM-123-45841
[Country Report No. 2022/367 : Republic of Kazakhstan: 2022 Article IV Consultation-Press Release; and Staff Report](http://www.imf.org/en/Publications/CR/Issues/2022/12/14/Republic-of-Kazakhstan-2022-Article-IV-Consultation-Press-Release-and-Staff-Report-526958?cid=em-COM-123-45841)
DECEMBER 14, 2022
http://www.imf.org/en/Publications/CR/Issues/2022/12/14/Republic-of-Kazakhstan-2022-Article-IV-Consultation-Press-Release-and-Staff-Report-526958?cid=em-COM-123-45841
Inflation has surged to 18 percent while growth is projected to slow to 2.7 percent this year. High oil prices have strengthened fiscal and external buffers, while the revised budget increased public spending by 2½ percentage points of GDP to support activity. Subsidiaries of sanctioned Russian banks have exited the domestic market and regulatory compliance is being enhanced to avoid secondary sanctions. Risks to the outlook remain tilted to the downside, as adverse global conditions could lower oil prices and raise borrowing costs, while oil exports through Russian territory remain a major source of vulnerability. Accelerated economic diversification and private sector development are needed to attain sustainable and inclusive growth.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2022/12/14/Republic-of-Kazakhstan-2022-Article-IV-Consultation-Press-Release-and-Staff-Report-526958?cid=em-COM-123-45841)
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