Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Kazakhstan 01 01 - Liquidity Support KZT 1,750,000,000,000 4,244,996,968
Kazakhstan 01A 01A - Short-term lending KZT 1,750,000,000,000 4,244,996,968 IMF. (accessed 13 April 2020). KPMG. (accessed 14 May 2020). OECD. (accessed 21 May 2020)

(i) KZT1 trillion in subsidized lending under the “Economy of Simple Things” program; (ii) KZT600 billion to help small and medium-sized enterprises (SMEs) finance their working capital; (iii) 14 May 2020, KZT50 billion in loans to farmers through National Holding Kazagro and KZT100 billion through the “Economy of Common Goods” program.

Kazakhstan 01B 01B - Support policies for short-term lending KZT IMF. (accessed 10 June 2020)

10 June 2020: (i) No amount/estimate: Expanded the list of eligible collaterals; (ii) No amount/estimate: Reduced liquidity coverage ratio requirement (from 80% to 60%).

Kazakhstan 01C 01C - Forex operations KZT IMF. (accessed 7 May 2020). OECD. (accessed 8 July 2020)

(i) No amount/estimate: The National Bank (NBK) allowed the tenge to depreciate by over 15% to almost 450 KZT/USD from 9 March 2020, intervening to mitigate excessive volatility. It also introduced a limit on bid-ask spread and lowered the ceiling of FX purchase without supporting import documents for the duration of the state of emergency. The exchange rate has recovered to around 430 KZT/USD, but remains vulnerable to oil price volatility; (ii) No amount/estimate: 2 July 2020, The President of Kazakhstan has assigned the objective to stabilise the exchange rate to the NBK on 2 July 2020.

Kazakhstan 02 02 - Credit creation KZT
Kazakhstan 02A 02A - Financial sector lending/funding KZT
Kazakhstan 02B 02B - Support policies for long-term lending KZT
Kazakhstan 02B1 02B1 - Interest rate adjustments KZT IMF. (accessed 24 April 2020). National Bank of Kazakhstan. (accessed 23 July 2020)

(i) No amount/estimate: 10 March 2020, The National Bank raised its policy rate from 9.25% to 12% and widened the interest rate corridor from 100 to 150 bps, after pressures on the tenge (KZT) intensified with the drop of oil prices. In early April, the NBK cut the base rate to 9.5% and further widened the corridor to +/-200 bps to stimulate economic growth. On 20 July 2020, the NBK cut the base rate by another 50bps to 9%, and narrowed the corridor to +/- 150 bps; (ii) No amount/estimate: 20 May 2020, interest on subsidized credit from the "Economy of Simple Things" program is being cut from 13-15% to 6%.

Kazakhstan 02B2 02B2 - Other policies to support long-term lending KZT IMF. (accessed 24 April 2020). National Bank of Kazakhstan. (accessed 23 July 2020)

10 June 2020: (i) No amount/estimate: The authorities lowered risk weights for SME exposure in tenge (from 75% to 50%) and for FX loans (from 200% to 100%) until October; (ii) No amount/estimate: Lowered the capital conservation buffer by 1%.

Kazakhstan 02C 02C - Loan guarantees KZT
Kazakhstan 03 03 - Direct long-term lending KZT 360,000,000,000 873,256,519
Kazakhstan 03A 03A - Long-term lending KZT
Kazakhstan 03B 03B - Forbearance KZT 360,000,000,000 873,256,519 IMF. (accessed 13 April 2020).

(i) No amount/estimate: No amount/estimate: The NBK and financial institutions have agreed to allow borrowers to defer debt repayments until mid-June at the latest, as well as refrain from charging penalties for borrowers affected by the emergency; (ii) 27 April 2020, More than 1.6 million citizens and 11,000 SMEs received deferral on loan payments in the amount of KZT360 billion.

Kazakhstan 04 04 - Equity support KZT
Kazakhstan 05 05 - Health and income support KZT 7,700,000,000,000 18,677,986,659
Kazakhstan 05A 05A - Health support KZT 74,900,000,000 181,685,870 UNESCAP. (accessed 6 December 2020)

May 20: As part of the president's anti-crisis package, (a) KZT14.8 billion for the construction of three quarantine modular complexes in Nur-Sultan, Shymkent and Almaty; (b) KZT40.6 billion for incentive measures for healthcare workers participating in quarantine activities; (c) KZT19.5 billion for health organizations treating coronavirus patients.

Kazakhstan 05B 05B - Income support KZT 1,808,000,000,000 4,385,688,296
Kazakhstan 05B1 05B1 - Tax and contribution deferrals and policy changes KZT UNESCAP. (accessed 6 December 2020)

No amount/estimate: As part of the recovery package, Kazakhstan will abandon its 10% flat tax rate and switch to a progressive personal income tax.

Kazakhstan 05B2 05B2 - Tax and contribution rates reduction KZT IMF. (accessed 13 April 2020). OECD. (accessed 21 May 2020) KPMG. (accessed 21 May 2020). UNESCAP. (accessed 6 December 2020)

(i) No amount/estimate: 14 May 2020, VAT rate has been reduced from 12% to 8% until 1 October 2020 with the exception of food and drugstores, transportation services, consulting services and information technology; (ii) No amount/estimate: Tax exemptions on property taxes for large retail businesses, land taxes for farmlands of agricultural producers, and individual income taxes for entrepreneurs.

Kazakhstan 05B3 05B3 - Subsidies to individuals and households KZT OECD. (accessed 30 July 2020).

(i) No amount/estimate: 20 May 2020, residents in Almaty can defer utility payments for March and April until the end of 2020 with no fines or penalty. Reimbursement of utilities expenses for April and May in amount of KZT15,000 will also be provided for socially vulnerable groups; (ii) No amount/estimate: July, The government announced a new round of income support payments of KZT42,500 to certain categories of the population.

Kazakhstan 05B4 05B4 - Subsidies to businesses KZT UNESCAP. (accessed 6 December 2020)

No amount/estimate: 20 March 2020, The government exempted rents of state-owned properties for a period of three months.

Kazakhstan 05B5 05B5 - Indirect income support KZT
Kazakhstan 05B6 05B6 - No breakdown (income support) KZT 1,808,000,000,000 4,385,688,296 IMF. (accessed 13 April 2020). OECD. (accessed 21 May 2020) KPMG. (accessed 21 May 2020)

(i) As part of the president's anti-crisis package, KZT8 billion in salaries will be paid to doctors, police officers and other specialists) and support employment and business; (ii) KZT1.8 trillion will be allocated to support employment under an “Employment Roadmap” program.

Kazakhstan 05C 05C - No breakdown (health and income support) KZT 5,817,100,000,000 14,110,612,492 IMF. (accessed 13 April 2020). OECD. (accessed 21 May 2020) KPMG. (accessed 21 May 2020)

(i) The President announced a significant anti-crisis package now totaling KZT5.9 trillion. The anti-crisis package includes cash payments to the unemployed (USD95 per month per person), a 10% increase in pension and social benefits, and additional spending to strengthen the health sector. The amount presented here is net of Measure 5A and item (i) in Measure 5B6.

Kazakhstan 06 06 - Budget reallocation KZT
Kazakhstan 07 07 - Central bank financing government KZT
Kazakhstan 07A 07A - Direct lending and reserve drawdown KZT
Kazakhstan 07B 07B - Secondary purchase: government securities KZT
Kazakhstan 08 08 - International Assistance Received KZT 790,551,212,500 1,917,650,000
Kazakhstan 08A 08A - Swaps KZT
Kazakhstan 08B 08B - International loans/grants KZT 790,551,212,500 1,917,650,000
Kazakhstan 08B1 08B1 - Asian Development Bank KZT 447,105,737,500 1,084,550,000 ADB Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9550-REG. (both accessed 5 February 2021).

(i) TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases - USD2.3 million [update]; (ii) 3 June 2020, Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (Additional Financing) - USD0.07million; (iii) 25 June 2020, COVID-19 Active Response and Expenditure Support - USD1.0776 billion (with an additional USD750 million co-financed); (iv) 1 July 2020, Promoting Digital Finance Solutions for Inclusive Finance among Partner Financial Institutions - USD0.05 million; (v) 13 July 2020, Addressing Health Threats in the Central, West, and East Asia Region - USD0.13 million; (vi) 24 July 2020, Due Diligence and Capacity Development of Trade Finance Program Banks - USD0.06 million; (vii) 27 August 2020, COVID-19 Emergency Response - USD3 million; (viii) 5 November 2020, Creating Investable Cities in Post-COVID-19 Asia-Pacific: Enhancing Competitiveness and Resilience through Quality Infrastructure - USD0.11 million; (ix) 18 November 2020, Supporting Startup Ecosystem in the Central Asia Regional Economic Cooperation Region to Mitigate Impact of COVID-19 and Support Economic Revival - USD 0.05 million; (x) 26 November 2020, Addressing Health Threats in the Central, West, and East Asia Region (Additional Financing) - USD0.03 million; (xi) 1 December 2020, Improving Public Debt Management - USD0.15 million; (xii) 11 December 2020, COVID-19 Rapid Response, Solidarity Fund for Kazakhstan - USD1 million.

Kazakhstan 08B2 08B2 - Other KZT 343,445,475,000 833,100,000 World Bank. (accessed 1 May 2020). USAID. (accessed 26 May 2020). Astana Times. (accessed 9 October 2020)

(i) Kazakhstan received World Bank support and has restructured part of its Social Health Insurance Project to provide USD10 million for critical medical equipment; (ii) 26 May 2020, USD3.1 million from USAID to prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, bolster risk communication, and more; (iii) 23 June 2020, USD40 million from the EBRD to address liquidity needs of MSMEs; (iv) 25 June 2020, COVID-19 Active Response and Expenditure Support - USD750 million co-financing from AIIB; (v) 8 October 2020, USD30 million from the European Investment Bank to provide affordable lending to Kazakh small and medium sized enterprises (SMEs).

Kazakhstan 09 09 - International Assistance Provided KZT 1,236,750,000 3,000,000
Kazakhstan 09A 09A - Swaps KZT
Kazakhstan 09B 09B - International loans/grants KZT 1,236,750,000 3,000,000 UNESCAP. (accessed 6 December 2020)

18 April 2020, Kazakhstan sent USD3 million worth of flour as humanitarian assistance to Kyrgyzstan and Tajikistan.

Kazakhstan 10 10 - No breakdown KZT
Kazakhstan 11 11 - Other Economic Measures KZT OECD. (accessed 21 May 2020). Astana Times. (accessed 17 July 2020)

(i) Quotas on exports of key food products (wheat and flour) as well as all other restrictions on food product exports will be lifted on 1 June; (ii) July 16, The Kazakh National Bank and the Kazakh Ministry of Finance are planning to issue short-term government securities up to KZT1 trillion on a regular basis until the end of 2020 to maintain economic activity; (iii) Cash withdrawal limits will be temporarily imposed on legal entities starting early June. A pilot biometric information center has been launched to help banks identify customers in order to provide remote banking services;

Kazakhstan 12 12 - Non-Economic Measures KZT
Kazakhstan 12A 12A - Measures affecting travel and transport (local and international) KZT UNESCAP. (accessed 6 December 2020)

(i) 16 March 2020, The government imposed stringent border controls and testing requirements at the borders; (ii) Internal flights have resumed, but borders remain closed to non-citizens, as well as international flights from COVID-19 affected countries; (iii) The visa exemption for 56 countries (including EU and France) has been suspended until 1 November.

Kazakhstan 12B 12B - Measures affecting business and workplace KZT UNESCAP. (accessed 6 December 2020)

(i) During the state of emergency, non-essential businesses had to remain closed; (ii) The State Commission On Ensuring the State of Emergency is preparing a list of businesses that will resume their activities, which includes industrial enterprises, construction and road construction companies, transport companies, banks and public service centres.

Kazakhstan 12C 12C - Others KZT Anadolu Agency. (accessed 21 January 2021)

(i) 16 March 2020, The government declared a state of emergency, extended to and eventually lifted on May 11. Large cities were put under lockdown with entry/exit bans, while social distancing measures were required. Schooling was moved online, and will last after May 11. Lockdowns were reinstated from 5 July to 2 August; (ii) 19 January 2021, the government announced that mass vaccination will start on 1 February.