IMF Staff Country Reports

Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria—Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic.

December 12, 2012

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Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria—Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic., (USA: International Monetary Fund, 2012) accessed November 21, 2024

Also available in: русский

Summary

The Kyrgyz Republic has stabilized with the formation of a new coalition, but political uncertainty remains. Despite a slump in gold production and delays in donor financing, monetary and fiscal policies remained prudent. Improving the business climate, good governance, and strong institutions remain key to sustaining strong growth over the medium term. Fiscal consolidation with strong revenue measures and prudent expenditure policies are instrumental in safeguarding macroeconomic stability. More forceful reform efforts are needed to ensure long-term viability of the banking sector.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Expenditure, Financial services, Monetary base, Public debt, Revenue administration, Total expenditures

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central Asia, CR, Global, Government's priority expenditure, IMF's executive board, ISCR, Kyrgyz authorities, Revenue shortfall, SDR, Staff appraisal, Total expenditures

Publication Details

  • Pages:

    95

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/329

  • Stock No:

    1KGZEA2012003

  • ISBN:

    9781616357269

  • ISSN:

    1934-7685

Notes

Also Available in Russian

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