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External debt of Kazakhstan: current status, dynamics, prospects for sustainable economic development

Kalkabaeva G. M.  ()

Assanova М. А.  ()

The article identified the major problems in Kazakhstan associated with attracting and using foreign loans. The authors give updated forecast for the foreign debt of Kazakhstan in the medium term, taking into account the allowable optimal level of external debt, and show the necessity of taking measures to reduce the rate of growth of external debt. It gives the proposals to increase the efficiency of the external debt of the Republic of Kazakhstan at the present stage. The work is the result of research being undertaken by the authors on the statistical materials of the World Bank for the years 2008-2011 and the National Bank of the Republic of Kazakhstan in 2008-2012. The recommendations proposed in the article can be used by government agencies in developing a strategy for external debt management.

Keywords:external debt, analysis of indicators, GDP, economic forecast, external debt management
 

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Citation link:
Kalkabaeva G. M., Assanova М. А. External debt of Kazakhstan: current status, dynamics, prospects for sustainable economic development // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2013. -№05-06. -С. 13-19
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