IMF report: Kazakh central bank split is opportunity to boost independence
Central bank needs stronger governance and greater separation from government, staff say
The upcoming split of the National Bank of Kazakhstan is an opportunity to overhaul the central bank’s independence and boost its credibility, International Monetary Fund staff say in their latest review of the central Asian economy.
The NBK is due to be split into core central bank functions and a separate banking regulator, with the central bank functions moving to the capital Nur-Sultan, formerly Astana. “The impending NBK split provides an opportunity to strengthen governance arrangements,”
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