AVAILABILITY OF FINANCIAL SERVICES IN KAZAKHSTAN: STRENGTHS AND WEAKNESSES

Purpose – the aim of the study was to study the methodology and assess the level of accessibility of financial services according to indicators of international organizations.
Methodology – the research is based on IMF's "Research of access to financial services" methodology, there were applied methods of comparative analysis, which made it possible to identify the weak and strong sides of the availability of financial services to the population of Kazakhstan.
Originality – the uniqueness of the study lies in the fact that, basically, indicators of financial sector development, the financial literacy of the population are assessed according to the classic set of indicators of the activities of financial organizations. The study of the methodology of the IMF and the World Bank for assessing the availability of the population to the services of financial institutions, led to other aspects of the development of the financial market. The conclusions obtained in this study will help to expand research in such areas as behavioral finance, efficiency and quality of financial services, and financial literacy of the population.
Findings – the study showed that not all financial resources in circulation are involved in the development of the national economy through financial intermediaries. The level of accessibility of financial services in Kazakhstan is still not on a very high level, and if earlier, in terms of some indexes, the Kazakh banking sector was ahead of the post-Soviet countries, then according to the given indicators, we still have a lot to strive for and develop.

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