MONETARY POLICY AND ITS IMPACT ON THE MECHANISM OF STIMULATING INVESTMENT PROJECTS IN THE REPUBLIC OF KAZAKHSTAN

Abstract

The article examines the impact of the monetary policy of the Republic of Kazakhstan on the mechanisms for stimulating investment projects. The analysis of key instruments of monetary regulation, including interest rates and foreign exchange policy, as well as their impact on the country's investment climate is carried out. Particular attention is paid to the impact of the tenge exchange rate on attracting foreign direct investment and domestic investment activity. State programs aimed at supporting business and investment projects, such as interest rate subsidies, the «Economy of Simple Things» and public-private partnerships, are considered. Conclusions are formulated and recommendations are proposed for further improvement of monetary policy and state programs to increase the investment attractiveness of Kazakhstan.