The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported on its delegation’s participation in the International Monetary Fund (IMF) and World Bank Group Annual Meetings in Washington, DC, focusing on Kazakhstan’s financial stability agenda, priority financial-sector reforms, and further cooperation with international institutions. During a meeting with IMF Managing Director Kristalina Georgieva, discussions covered the current condition of Kazakhstan’s banking sector, implementation of Financial Sector Assessment Program (FSAP) recommendations, measures to strengthen financial stability, and provisions of the new law on banks and banking activity. Engagements with the World Bank’s Vice President for Europe and Central Asia, Antonella Bassani, addressed corporate governance improvements, the introduction of risk-based insurance supervision aligned with Solvency II principles, and legislative initiatives to develop the investment funds market. The programme also included remarks by Chair Madina Abylkassymova at a regional meeting chaired by IMF Deputy Managing Director Bo Li, participation in a Bank of Russia Eurasian roundtable, a World Bank-hosted discussion on women’s leadership and financial inclusion, meetings with International Finance Corporation management on expanding financial access and potential enhancements to microfinance legislation, and discussions with S&P, Moody’s and Fitch on macroeconomic trends, banking-sector conditions, planned reforms and cooperation on bank risk analysis and credit ratings.

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