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KAZAKHSTAN DAILY DIGEST
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From: EurasiaDigest (digest@eurasianet.org)
Date: Tue Nov 22 2005 - 16:14:35 EST

KAZAKHSTAN NOTCHES 9 PERCENT ECONOMIC GROWTH
Prime Minister Daniyal Akhmetov told a cabinet meeting on 21 November that Kazakhstan's GDP grew 9 percent year on year in the first 10 months of 2005, Interfax-Kazakhstan reported. Finance Minister Arman Dunaev said that Kazakhstan plans to pay off $849 million of the country's sovereign debt ahead of schedule in 2005, saving $290 million on future interest payments. Dunaev said that by yearend, the national debt will stand at $3.9 billion, or 7.8 percent of forecast GDP. The ratio of sovereign debt to GDP was 26.5 percent in 2000. DK

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