Kyrgyz Republic: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

November 9, 2005

Preview Citation

Format: Chicago

Kyrgyz Republic: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This paper discusses the Kyrgyz Republic’s First Review Under the Poverty Reduction and Growth Facility. The current account deficit remained broadly unchanged because of a significant increase in workers’ remittances, mainly from Russia and Kazakhstan. Large negative errors and omissions in the balance of payments suggest that the spring political events led to some capital flight. Structural reforms will continue to focus on developing the financial sector, addressing energy sector imbalances, and increasing labor market flexibility.

Subject: Currencies, External debt, Monetary base, Money, Public debt, Revenue administration

Keywords: Central Asia, Consumer price inflation, CR, Currencies, Global, ISCR, Kyrgyz authorities, Monetary base, PRGF loan, Staff appraisal, Staff's projection

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/402
Stock No:

1KGZEA2005005
ISBN:

9781451959222
ISSN:

1934-7685

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