ADB Loan to Support Kazakhstan's Fiscal and Financial Sector Reforms
Kazakhstan, June 11 -- The Asian Development Bank (ADB) has approved a $500 million equivalent policy-based loan to support Kazakhstan in strengthening fiscal sustainability and enhancing financial sector resilience.The loan supports subprogram 2 of the Fiscal Governance and Financial Sector Reforms Program, which builds on progress made under subprogram 1 and focuses on two areas: strengthening fiscal sustainability, management, transparency, and governance; and promoting banking resilience and capital market development. To strengthen fiscal sustainability, the program supports more robust fiscal rules and better management of fiscal savings. It promotes more effective budgeting, planning, and monitoring, while integrating gender and clim...
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