We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Borat on banking

30 September 2007 By Angelina Rascouet

A helterskelter property boom has been financed by foreign currency borrowing. With global wholesale markets shut, the big banks have had to resort to central bank funding. Fortunately, the oil price has made Kazakhstan so rich that it won t have trouble paying for a bailout if one is needed.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)