Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report

June 2, 2017

Preview Citation

Format: Chicago

Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report, (USA: International Monetary Fund, 2017) accessed November 24, 2024

Summary

This paper discusses the Kyrgyz Republic’s Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF) and the Request for Modification of Performance Criteria (PCs). Program conditionality has been broadly met. All end-June 2016 quantitative PCs and indicative targets have been met. All but two structural benchmarks were met. The review of subsidies was not completed on time owing to limited capacity. The authorities are requesting modification of PCs to reflect the revised macroeconomic outlook and the availability of the fourth disbursement on completion of the review. The IMF staff supports completing the third review of the authorities' program under the ECF arrangement.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Crime, External debt, Financial institutions, Financial services, Loans, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities' effort, Central Asia, CR, Exchange rate, Expenditure measure, ISCR, Kyrgyz authorities, Kyrgyz government, Kyrgyzstan, Loans, National bank of the Kyrgyz Republic, Policy slippage, Real GDP

Publication Details

Pages:

126
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/143
Stock No:

1KGZEA2017001
ISBN:

9781484302880
ISSN:

1934-7685

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