Kyrgyz Republic: Ex Post Assessment of Longer-Term Program Engagement

February 4, 2005

Summary

This Ex Post Assessment of Longer-Term Program Engagement for the Kyrgyz Republic explains macroeconomic and structural performance. External debt service claimed a steadily increasing share of fiscal revenues, but a strengthened commitment to prudent fiscal policies and improved policy capacity have helped to turn around macroeconomic performance. Fiscal policy must deliver on its revenue targets, while addressing poverty and servicing large external debt obligations. Debt reduction must continue to be a main objective of any IMF-supported program.

Subject: Expenditure, Export performance, Exports, External debt, International trade, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: balance of payments, Baltics, central bank, CR, current account, exchange rate, Export performance, Exports, fiscal policy, ISCR, Public investment and public-private partnerships (PPP), Public investment spending, state government, U.S. dollar

Pages:
41
Volume:
2005
DOI:
https://doi.org/10.5089/9781451821475.002
Issue:
032
Series:
Country Report No. 2005/032
Stock No:
1KGZEA2005002
ISBN:
9781451821475
ISSN:
1934-7685

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