Perfection of currency reserve policy to increase innovative activity in industrial sector of Kazakhstan Cover Image

Совершенствование политики валютных резервов в Казахстане для повышения инновационной активности в промышленном секторе экономики
Perfection of currency reserve policy to increase innovative activity in industrial sector of Kazakhstan

Author(s): Meiram Begentaev
Subject(s): Economy
Published by: Prague Development Center
Keywords: State regulation; foreign currency reserves; currency rationing; industrial sector

Summary/Abstract: Kazakhstan has accumulated essential foreign currency stocks from resource-based export earnings since gaining independency. These reserves can serve as base for creation of competitive industries. To realize the task the paper recommends policies of rational use of these funds to finance innovative investment projects in priority industries. The paper argues that rational channeling of foreign currency reserves in Kazakhstan can contribute to increase of innovative activity in industrial sector of economy.

  • Issue Year: 2/2009
  • Issue No: 2
  • Page Range: 41-42
  • Page Count: 2
  • Language: Russian