Kyrgyz Republic: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic

November 28, 2007

Preview Citation

Format: Chicago

Kyrgyz Republic: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

The staff report for the Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Kyrgyz Republic highlights recent economic developments and performance. The current account deficit continued to widen on account of higher imports driven by strong demand, but was more than financed by private capital inflows. Policy discussions focused on the challenges posed by the sharp uptick in inflation in the context of exogenous shocks and global financial turbulence. Continued fiscal restraint is important both for reducing inflation and for enhancing debt sustainability.

Subject: Debt sustainability, External debt, Monetary base, Money, Public and publicly-guaranteed external debt, Public debt, Revenue administration

Keywords: CR, Debt sustainability, Global, Growth facility, ISCR, Kyrgyz authorities, Monetary base, Policy dilemma, Price pressure, Three-Year, Three-Year arrangement

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/369
Stock No:

1KGZEA2007005
ISBN:

9781451821567
ISSN:

1934-7685

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