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One of the systemic problems of modern Kazakhstan was and still remains low quality of government workers, especially on a local level. In the end even correct, timely and achievable programs and decisions of the government fail.
The hopes of reviving financial sector in Kazakhstan are put primarily on the government. Such conclusions could be drawn as a result of discussion of problems and prospects of the banking sector within the XI annual Fitch rating agency conference held in Almaty.
As part of the annual Fitch Ratings conference held in Almaty there was a roundtable called “Corporate sector of Kazakhstan”, where experts talked about what is happening in large companies of oil extraction and energy sectors.
Almaty has hosted the XI annual conference of the Fitch Ratings agency on Kazakhstan, whose motto could be summarized as “today is a little better than 2014 and 2015”. This is probably why, on the eve of the conference the agency has confirmed country’s rating as the “BBB” with a stable forecast.
The National Intelligence Council analysts’ prognosis that the future will inevitably form new identities threatening the established world order finds its, however strange and frightening, confirmation in the Kazakh realia.
Citigroup analysts predict a rise in oil prices above 60 Usd already by the second half of 2017, and a rise in oil prices up to 65 USD/barrel by the end of the year. What effect will it have on resource-dependable economies?
