IMF praises Kazakhstan’s economy, ‘on the right path’

Updated Thursday, November 20, 2008 11:03 am TWN, AP

IMF praises Kazakhstan’s economy, ‘on the right path’

ALMATY, Kazakhstan -- A senior International Monetary Fund official has praised Kazakhstan, an early victim of the global credit crunch, for its handling of the crisis. The oil-rich Central Asian nation has taken drastic measures to minimize the impact of the international economic crisis, including investing state funds in the country’s top banks and loosening monetary policy.

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