After negotiations with IMF Kazakhstan hopes to receive the credit

/IRBIS, Oct.28, 99/ - REUTERS referring to "sources closed to the negotiations held in Astana" informs that Kazakhstan is pleased with negotiations with IMF mission and hopes for granting of the new IMF credit. Most important, in source's opinion, that the political events such ambiguous valuation of Parliament election and resignation of the Government of October 1 - do not influence the IMF and on December 15 it is going to make a final decision. Other source in government has told to REUTERS, that the greatest progress in the negotiations was achieved on budget policy and structural reforms in Kazakhstan. The Minister of the Public Revenues of Kazakhstan Zejnulla Kakimzhanov has mentioned today this negotiations on the government meeting and asked akims of oblasts (regions) to improve the taxes collection. Reception of the IMF credit is quite urgent for Kazakhstan. The $200 million Eurobonds issue in the autumn 1999 does not cover $600 million of the budget deficiency. Negotiations with IMF have been held without the special progress, since the spring of 1999. An absence of success in these negotiations is named in Astana as one of the main reasons of former Minister of Finance resignation.