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IMF eyeing support to Kazakhstan's cybersecurity and risk management sectors

Finance Materials 16 April 2021 11:13 (UTC +04:00)
IMF eyeing support to Kazakhstan's cybersecurity and risk management sectors

BAKU, Azerbaijan, Apr. 16

By Nargiz Sadikhova - Trend:

Kazakhstan and International Monetary Fund discussed the issue of providing technical assistance from the IMF for the development of macro-forecasting, stress testing, cybersecurity and risk management in Kazakhstan, Trend reports citing the press office of Kazakhstan’s National Bank.

The topic was discussed during the meeting between Chairman of Kazakhstan’s National Bank Erbolat Dossayev and Managing Director of the International Monetary Fund Kristalina Georgieva held via videoconference.

During the meeting, the parties discussed the current macroeconomic situation, the implementation of anti-crisis measures in order to reduce the negative consequences of COVID-19 on Kazakhstan’s economy, monetary policy issues, as well as the further development of the country's financial sector.

The possibility of conducting a comprehensive assessment of the financial market of Kazakhstan in the fall of 2021 was also discussed during the meeting.

The IMF offers technical assistance and training to member countries in addition to economic and financial policy advice, and lending operations.

The IMF’s technical assistance helps member countries develop institutions that are more effective and legal frameworks and policies that can be used to promote economic stability and growth, while training strengthens the capacity of member countries’ officials to analyze economic developments and formulate and implement effective policies.

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