摘 要: | Kazakhstan, a big power in Central Asia, is one of the first countries affected by the U.S. financial crisis. As the funds of Kazakh banks are mostly from the international bank loans, Kazakhstan has suffered a slowdown in the international capital flows after the outbreak of the U.S. subprime lending crisis. In the second half of 2007, many other issues such as the decline in bank solvency, the increase in non-performing loans and the problem of "loan stint" emerged in Kazakhstan. Several projects had to be stopped due to capital-strand break.
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