The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan held bilateral meetings with an International Monetary Fund delegation as part of the IMF mission to Kazakhstan. The discussions covered current trends in Kazakhstan’s financial sector, the state of the credit cycle, the effectiveness of macroprudential tools, and potential risks to financial stability. Particular attention went to implementation of Financial Sector Assessment Program recommendations and to key provisions of the new law on banks and banking activity, including improvements to mechanisms for dealing with insolvent banks. Building on agreements reached during the International Monetary Fund and World Bank Group Annual Meetings in October 2025, the parties also reviewed reforms to the framework for troubled banks and development of the financial safety net. The Agency also signalled interest in a diagnostic review of supervision of professional participants in the securities market, the development of a risk-based supervisory assessment methodology, improvements to supervisory reporting and monitoring, and modern approaches to conduct risk assessment, investor protection, and prevention of market abuse. Both sides confirmed their interest in continuing cooperation and dialogue on strengthening the financial system and advancing international regulatory and supervisory practices.

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