KAZAKHSTAN IS HAVING PROBLEMS WITH RECEIVING NEW IMF LOANS

06.10.99 00:00
/IRBIS, Oct.06, 99/ - Informational and analytical center "Eurasia" transmitted a message about unsuccessful end of talks of Kazakhstan government with IMF regarding the opening of a new line of credit. The talks about the loan were held in Washington by Kazakhstan delegation lead by the minister of finance (now acting minister) Uraz Djandosov. IMF accepted the following terms for securing the loan as the transparency of the financial system of Kazakhstan, balanced state budget, liberal external trade and existing realistic mid term economic program. In IMF specialists opinion, non of these terms are maintained by Kazakhstan. IAC "Eurasia" informs that outflow of capital from Kazakhstan was also discussed at the talks. According to some information, IMF representatives were informed of privatization funds of Kazakhstan in accounts of foreign banks. The funds are estimated at a few billion dollars. IMF fears the repetition of the scandal happened with Russia. By experts' assessment, credits not received by Kazakhstan from other international organizations - World and Asian banks will make $300 mln till the end of the year.