02367cas a2200241 a 4500 AALejournalIMF018783 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484376959 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Republic of Kazakhstan : Selected Issues. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (34 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper discusses fiscal risk assessment in Kazakhstan. Comprehensive analysis, management, and disclosure of fiscal risks help the credibility and sustainability of public finances and supports macro stability. Risk management practices are often incomplete, fragmented, and lacking quantitative analysis. This may result in an incomplete assessment of risks with adverse impacts on activity and public finances. A more comprehensive and integrated assessment of the potential effects of shocks on public finances, in the form of fiscal analysis and stress tests, helps strengthen central forecasts and understand implications for government liquidity, financing needs, and solvency. Kazakhstan has tools to mitigate some risks, but there is not a comprehensive framework to analyze and manage all fiscal risks. The analysis of fiscal risks should be presented in a single report or statement. Enhancing monitoring, management and reporting of fiscal risks would bring considerable benefits. Best practice recommends an integrated approach to fiscal risks. A deep analysis and full disclosure following a comprehensive, integrated approach with the aim of producing a detailed fiscal risk statement in line with international best practice should be a key objective for Kazakhstan. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/278 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/278/002.2018.issue-278-en.xml IMF e-Library