EDB: Kazakhstan Maintains Economic Growth Amid Tighter Global Financing Conditions

Kazakhstan’s resilient economic performance, moderate public debt, and strong external buffers continue to bolster its access to global capital markets despite tighter borrowing conditions worldwide, according to the Eurasian Development Bank's (EDB) September Macroeconomic Outlook.

EDB analysts reported that the country's economy continued its expansion this year, with gross domestic product (GDP) rising by 4.1% year-on-year in the January-July period.

The bank noted that solid financial reserves and a sustainable debt profile help maintain the country's financial resilience and credibility among international investors amid challenging global macro conditions.