Kyrgyz Republic: Fourth and Fifth Reviews under the Three-Year Arrangements under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report

February 22, 2018

Preview Citation

Format: Chicago

Kyrgyz Republic: Fourth and Fifth Reviews under the Three-Year Arrangements under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed November 24, 2024

Also available in: русский

Summary

This paper discusses Kyrgyz Republic’s Fourth and Fifth Reviews Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria (PCs). Program performance has been mixed. All end-December 2016 and end-June 2017 quantitative PCs, and all but three indicative targets (ITs) were met. The December 2016 IT on tax revenue, the continuous IT on introducing new or renewing existing tax exemptions, and the June 2017 IT on reserve money were not observed. Six structural benchmarks were missed, of which five were proposed to be postponed or modified at the time of the fourth review. Resuming the reform agenda and pursuing consolidation efforts are essential to allow growth to reach its potential over the medium term.

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

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central Asia, CR, Creating flow, Debt, Deficit, Executive board discussion Mr. Tao Zhang, Government, Import growth, ISCR, Kyrgyz authorities, Loans, NBKR independence, Private sector

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/053
Stock No:

1KGZEA2018001
ISBN:

9781484342954
ISSN:

1934-7685

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