Kyrgyz Republic: Staff Report for the 2006 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Structural Performance Criterion

March 29, 2007

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Format: Chicago

Kyrgyz Republic: Staff Report for the 2006 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Structural Performance Criterion, (USA: International Monetary Fund, 2007) accessed November 22, 2024

Summary

The Kyrgyz authorities have maintained macroeconomic discipline in recent years, despite a challenging political environment. This 2006 Article IV Consultation highlights that the economic activity is rebounding in 2006, with year-over-year real GDP growth of 3.2 percent through September, after a slight contraction in 2005. Inflation is projected to rise slightly to just below 6 percent during 2006. Remonetization has gathered pace in recent years, but the financial system remains relatively shallow by international standards. Comprehensive financial reforms are under way and are slated to gain momentum under the IMF-supported program.

Subject: Banking, Capital spending, Currencies, Expenditure, External debt, Monetary base, Money, Public debt, Revenue administration

Keywords: Bank FSAP update mission, Capital spending, Central Asia, CR, Currencies, Fund staff, Government, Government authorization, ISCR, Kyrgyz authorities, Kyrgyzstan, PRGF arrangement, Staff visit

Publication Details

Pages:

127
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/135
Stock No:

1KGZEA2007001
ISBN:

9781451821529
ISSN:

1934-7685

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