Financial Inclusion and Financial Literacy in Kazakhstan
Kapparov, Kassymkhan | October 2018
Abstract
This paper examines the current situation concerning financial inclusion and financial literacy in Kazakhstan and future prospects. Since 2000, the financial sector has been developing rapidly, driven by petrodollars, which has led to higher financial inclusion. However, the improvement in financial inclusion has not been distributed evenly, most notably between urban and rural populations. Moreover, financial literacy levels have not caught up with the development of financial services and this has led to insolvencies and banking crises. Since gaining independence in 1991, Kazakhstan has not had any systematic and wide-scale financial inclusion strategy or policy. This paper discusses key barriers to financial inclusion and suggests possible ways of overcoming these that could become the basis for a national financial inclusion strategy.
Citation
Kapparov, Kassymkhan. 2018. Financial Inclusion and Financial Literacy in Kazakhstan. © Asian Development Bank Institute. http://hdl.handle.net/11540/8871.Keywords
Development Economics
Regional Economic Development
Economic Impact
Asian Development Bank
Development
Economic Boom
Regional Economic Integration
Good Governance
Governance Approach
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Institutional Framework
Public Administration
Business Ethics
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West trade
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Citable URI
http://hdl.handle.net/11540/8871Metadata
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