Debt Management Performance Assessment : Kazakhstan
A World Bank mission visited Kazakhstan from July 15-23, 2010, to undertake a comprehensive assessment of debt management operations using the Debt Management Performance Assessment tool (DeMPA). The DeMPA report provides an overview of strengths a...
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| Format: | Debt Management Performance Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/05/16357408/kazakhstan-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/12945 |
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okr-10986-12945 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNT RISK ACCOUNTING ANNUAL BORROWING PLAN ANNUAL BORROWING PLANS AUCTION AUCTIONS BANK ACCOUNT BANK ACCOUNTS BANK DEBT BANK FINANCING BANK GUARANTEE BANKING SECTOR BANKING SYSTEM BID BORROWING PLAN BORROWING PLANS BROKERAGE BROKERAGE FIRMS BROKERS BUDGET DEFICIT BUDGET SURPLUSES BUDGETING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL BANK CENTRAL GOVERNMENT DEBT CENTRAL SECURITIES DEPOSITORY COMMERCIAL BANKS COMMODITY PRICES COMPOSITION OF DEBT CONTINGENT LIABILITIES CONTRACTUAL OBLIGATIONS COUPON COUPON DATES CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CURRENCY COMPOSITION DATA STORAGE DEBT DEBT DATA DEBT DATABASE DEBT FLOWS DEBT ISSUANCE DEBT LEVEL DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT ENTITY DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT PORTFOLIO DEBT RATIOS DEBT RECORDING DEBT REPAYMENT DEBT REPORTING DEBT SECURITIES DEBT SERVICE DEBT SERVICE PAYMENTS DEBT STOCKS DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBT-SERVICE DEBTOR DEBTOR REPORTING SYSTEM DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT BANK DISASTER RECOVERY DISBURSEMENT DISBURSEMENTS DIVERSIFICATION DIVERSIFICATION OF INSTRUMENTS DOMESTIC BORROWING DOMESTIC CURRENCY DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMIC POLICY ELECTRONIC AUCTIONS ELECTRONIC PAYMENT EXCHANGE RATE EXCHANGE RATES EXISTING DEBT EXPENDITURES EXPORT EARNINGS EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCOUNTS FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL STABILITY FINANCING NEEDS FISCAL POLICY FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCY FOREIGN INVESTMENT FOREIGN MARKETS FORMAL BORROWING GOVERNMENT BANK GOVERNMENT BORROWING GOVERNMENT BORROWINGS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT REVENUES GOVERNMENT SECURITIES GUARANTIES HUMAN RESOURCE INDEBTEDNESS INDEXED BONDS INDIVIDUAL LOAN INDIVIDUAL SECURITIES INFLATION INFORMATION SHARING INSTRUMENT INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INVESTMENT PLANS INVESTMENT POLICY INVESTMENT PURPOSES ISLAMIC BONDS ISSUANCE ISSUANCE OF GOVERNMENT SECURITIES ISSUANCE OF GUARANTEES LACK OF INFORMATION LEGAL FRAMEWORK LENDER LIMITED ACCESS LIQUIDITY LOAN LOAN CONTRACT LOAN GUARANTEES LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM DEBT LOW DEBT MACROECONOMIC POLICIES MARKET ACCESS MARKET BORROWING MARKET CONDITIONS MARKET DEVELOPMENT MARKET RISKS MARKET TURNOVER MATURITIES MATURITY MATURITY PERIOD MONETARY POLICIES MONETARY POLICY NATIONAL BANK NON-PERFORMING LOANS OIL PRICES OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OVERDRAFT OVERDRAFT FACILITY OVERDRAFTS PAYMENT ORDERS PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PORTFOLIO PORTFOLIO CHOICE PRIMARY MARKET PRINCIPAL PAYMENTS PROVISIONING RULES PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RECEIPTS RECESSION REGISTRY SYSTEM RISK MANAGEMENT SAVINGS SECONDARY MARKET SECURITIES SHAREHOLDERS SOURCE OF FUNDS SOVEREIGN DEBT SOVEREIGN ENTITIES STATE GUARANTEES STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STOCKS SUKUK SURETIES T-BILLS T-BONDS TAX TAX POLICY TOTAL DEBT TOTAL EXTERNAL DEBT TRADING TREASURY TREATIES TURNOVER USE OF DERIVATIVES WARRANTS |
| spellingShingle |
ACCOUNT RISK ACCOUNTING ANNUAL BORROWING PLAN ANNUAL BORROWING PLANS AUCTION AUCTIONS BANK ACCOUNT BANK ACCOUNTS BANK DEBT BANK FINANCING BANK GUARANTEE BANKING SECTOR BANKING SYSTEM BID BORROWING PLAN BORROWING PLANS BROKERAGE BROKERAGE FIRMS BROKERS BUDGET DEFICIT BUDGET SURPLUSES BUDGETING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL BANK CENTRAL GOVERNMENT DEBT CENTRAL SECURITIES DEPOSITORY COMMERCIAL BANKS COMMODITY PRICES COMPOSITION OF DEBT CONTINGENT LIABILITIES CONTRACTUAL OBLIGATIONS COUPON COUPON DATES CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CURRENCY COMPOSITION DATA STORAGE DEBT DEBT DATA DEBT DATABASE DEBT FLOWS DEBT ISSUANCE DEBT LEVEL DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT ENTITY DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT PORTFOLIO DEBT RATIOS DEBT RECORDING DEBT REPAYMENT DEBT REPORTING DEBT SECURITIES DEBT SERVICE DEBT SERVICE PAYMENTS DEBT STOCKS DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBT-SERVICE DEBTOR DEBTOR REPORTING SYSTEM DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT BANK DISASTER RECOVERY DISBURSEMENT DISBURSEMENTS DIVERSIFICATION DIVERSIFICATION OF INSTRUMENTS DOMESTIC BORROWING DOMESTIC CURRENCY DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMIC POLICY ELECTRONIC AUCTIONS ELECTRONIC PAYMENT EXCHANGE RATE EXCHANGE RATES EXISTING DEBT EXPENDITURES EXPORT EARNINGS EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCOUNTS FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL STABILITY FINANCING NEEDS FISCAL POLICY FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCY FOREIGN INVESTMENT FOREIGN MARKETS FORMAL BORROWING GOVERNMENT BANK GOVERNMENT BORROWING GOVERNMENT BORROWINGS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT REVENUES GOVERNMENT SECURITIES GUARANTIES HUMAN RESOURCE INDEBTEDNESS INDEXED BONDS INDIVIDUAL LOAN INDIVIDUAL SECURITIES INFLATION INFORMATION SHARING INSTRUMENT INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INVESTMENT PLANS INVESTMENT POLICY INVESTMENT PURPOSES ISLAMIC BONDS ISSUANCE ISSUANCE OF GOVERNMENT SECURITIES ISSUANCE OF GUARANTEES LACK OF INFORMATION LEGAL FRAMEWORK LENDER LIMITED ACCESS LIQUIDITY LOAN LOAN CONTRACT LOAN GUARANTEES LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM DEBT LOW DEBT MACROECONOMIC POLICIES MARKET ACCESS MARKET BORROWING MARKET CONDITIONS MARKET DEVELOPMENT MARKET RISKS MARKET TURNOVER MATURITIES MATURITY MATURITY PERIOD MONETARY POLICIES MONETARY POLICY NATIONAL BANK NON-PERFORMING LOANS OIL PRICES OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OVERDRAFT OVERDRAFT FACILITY OVERDRAFTS PAYMENT ORDERS PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PORTFOLIO PORTFOLIO CHOICE PRIMARY MARKET PRINCIPAL PAYMENTS PROVISIONING RULES PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RECEIPTS RECESSION REGISTRY SYSTEM RISK MANAGEMENT SAVINGS SECONDARY MARKET SECURITIES SHAREHOLDERS SOURCE OF FUNDS SOVEREIGN DEBT SOVEREIGN ENTITIES STATE GUARANTEES STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STOCKS SUKUK SURETIES T-BILLS T-BONDS TAX TAX POLICY TOTAL DEBT TOTAL EXTERNAL DEBT TRADING TREASURY TREATIES TURNOVER USE OF DERIVATIVES WARRANTS World Bank Debt Management Performance Assessment : Kazakhstan |
| geographic_facet |
Europe and Central Asia Kazakhstan |
| description |
A World Bank mission visited Kazakhstan
from July 15-23, 2010, to undertake a comprehensive
assessment of debt management operations using the Debt
Management Performance Assessment tool (DeMPA). The DeMPA
report provides an overview of strengths and weaknesses in
government debt management in Kazakhstan, as evaluated at
end-July, 2010. The scores demonstrate that areas of
strength clearly outnumber areas where policies and
practices fall short of minimum standards for effective debt
management. Areas of strength include the legal framework,
governance, and operational risk management, coordination
with fiscal and monetary policies, as well as debt recording
and reporting. Such strengths are impressive, taking into
account the relatively low debt level and modest recourse to
both domestic and external borrowing. However, many areas
displaying relatively low scores would benefit from
attention and reform. This need is most pressing in the
context of developing a medium-term debt management
strategy, which would involve outlining the preferred
composition of debt based on cost-risk analyses, and would
provide guidance not only for the government s borrowing but
also for market development. |
| format |
Economic & Sector Work :: Debt Management Performance Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Debt Management Performance Assessment : Kazakhstan |
| title_short |
Debt Management Performance Assessment : Kazakhstan |
| title_full |
Debt Management Performance Assessment : Kazakhstan |
| title_fullStr |
Debt Management Performance Assessment : Kazakhstan |
| title_full_unstemmed |
Debt Management Performance Assessment : Kazakhstan |
| title_sort |
debt management performance assessment : kazakhstan |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2011/05/16357408/kazakhstan-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/12945 |
| _version_ |
1764420738879586304 |
| spelling |
okr-10986-129452021-04-23T14:03:02Z Debt Management Performance Assessment : Kazakhstan World Bank ACCOUNT RISK ACCOUNTING ANNUAL BORROWING PLAN ANNUAL BORROWING PLANS AUCTION AUCTIONS BANK ACCOUNT BANK ACCOUNTS BANK DEBT BANK FINANCING BANK GUARANTEE BANKING SECTOR BANKING SYSTEM BID BORROWING PLAN BORROWING PLANS BROKERAGE BROKERAGE FIRMS BROKERS BUDGET DEFICIT BUDGET SURPLUSES BUDGETING CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL BANK CENTRAL GOVERNMENT DEBT CENTRAL SECURITIES DEPOSITORY COMMERCIAL BANKS COMMODITY PRICES COMPOSITION OF DEBT CONTINGENT LIABILITIES CONTRACTUAL OBLIGATIONS COUPON COUPON DATES CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CURRENCY COMPOSITION DATA STORAGE DEBT DEBT DATA DEBT DATABASE DEBT FLOWS DEBT ISSUANCE DEBT LEVEL DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT ENTITY DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT PORTFOLIO DEBT RATIOS DEBT RECORDING DEBT REPAYMENT DEBT REPORTING DEBT SECURITIES DEBT SERVICE DEBT SERVICE PAYMENTS DEBT STOCKS DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBT-SERVICE DEBTOR DEBTOR REPORTING SYSTEM DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT BANK DISASTER RECOVERY DISBURSEMENT DISBURSEMENTS DIVERSIFICATION DIVERSIFICATION OF INSTRUMENTS DOMESTIC BORROWING DOMESTIC CURRENCY DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMIC POLICY ELECTRONIC AUCTIONS ELECTRONIC PAYMENT EXCHANGE RATE EXCHANGE RATES EXISTING DEBT EXPENDITURES EXPORT EARNINGS EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCOUNTS FINANCIAL ANALYSIS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL STABILITY FINANCING NEEDS FISCAL POLICY FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCY FOREIGN INVESTMENT FOREIGN MARKETS FORMAL BORROWING GOVERNMENT BANK GOVERNMENT BORROWING GOVERNMENT BORROWINGS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT REVENUES GOVERNMENT SECURITIES GUARANTIES HUMAN RESOURCE INDEBTEDNESS INDEXED BONDS INDIVIDUAL LOAN INDIVIDUAL SECURITIES INFLATION INFORMATION SHARING INSTRUMENT INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INVESTMENT PLANS INVESTMENT POLICY INVESTMENT PURPOSES ISLAMIC BONDS ISSUANCE ISSUANCE OF GOVERNMENT SECURITIES ISSUANCE OF GUARANTEES LACK OF INFORMATION LEGAL FRAMEWORK LENDER LIMITED ACCESS LIQUIDITY LOAN LOAN CONTRACT LOAN GUARANTEES LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM DEBT LOW DEBT MACROECONOMIC POLICIES MARKET ACCESS MARKET BORROWING MARKET CONDITIONS MARKET DEVELOPMENT MARKET RISKS MARKET TURNOVER MATURITIES MATURITY MATURITY PERIOD MONETARY POLICIES MONETARY POLICY NATIONAL BANK NON-PERFORMING LOANS OIL PRICES OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OVERDRAFT OVERDRAFT FACILITY OVERDRAFTS PAYMENT ORDERS PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PORTFOLIO PORTFOLIO CHOICE PRIMARY MARKET PRINCIPAL PAYMENTS PROVISIONING RULES PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC INVESTMENT PUBLIC SECTOR DEBT RECEIPTS RECESSION REGISTRY SYSTEM RISK MANAGEMENT SAVINGS SECONDARY MARKET SECURITIES SHAREHOLDERS SOURCE OF FUNDS SOVEREIGN DEBT SOVEREIGN ENTITIES STATE GUARANTEES STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STOCKS SUKUK SURETIES T-BILLS T-BONDS TAX TAX POLICY TOTAL DEBT TOTAL EXTERNAL DEBT TRADING TREASURY TREATIES TURNOVER USE OF DERIVATIVES WARRANTS A World Bank mission visited Kazakhstan from July 15-23, 2010, to undertake a comprehensive assessment of debt management operations using the Debt Management Performance Assessment tool (DeMPA). The DeMPA report provides an overview of strengths and weaknesses in government debt management in Kazakhstan, as evaluated at end-July, 2010. The scores demonstrate that areas of strength clearly outnumber areas where policies and practices fall short of minimum standards for effective debt management. Areas of strength include the legal framework, governance, and operational risk management, coordination with fiscal and monetary policies, as well as debt recording and reporting. Such strengths are impressive, taking into account the relatively low debt level and modest recourse to both domestic and external borrowing. However, many areas displaying relatively low scores would benefit from attention and reform. This need is most pressing in the context of developing a medium-term debt management strategy, which would involve outlining the preferred composition of debt based on cost-risk analyses, and would provide guidance not only for the government s borrowing but also for market development. 2013-03-26T18:43:26Z 2013-03-26T18:43:26Z 2011-05 http://documents.worldbank.org/curated/en/2011/05/16357408/kazakhstan-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/12945 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Debt Management Performance Assessment Economic & Sector Work Europe and Central Asia Kazakhstan |