Kyrgyz Republic: Recent Economic Developments

February 5, 1998

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Kyrgyz Republic: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed December 26, 2024

Summary

This paper reviews economic developments in the Kyrgyz Republic during 1995–97. Significant progress has been achieved in establishing macroeconomic stability since 1994. Inflation has fallen sharply over 1992–97, and projections indicate that the 17 percent targeted for the year will be achieved. After a massive output decline during 1991–95, real GDP started to increase in late 1995 and showed solid growth in 1996 and during the first half of 1997. The budget deficit was halved during 1995–96 and is targeted to decline further in 1997, financed mostly through external assistance.

Subject: Banking, Economic sectors, Expenditure, Financial institutions, Foreign exchange, Imports, International trade, Privatization, Treasury bills and bonds

Keywords: Central Asia, CR, Exchange rate, Foreign exchange, Global, Imports, ISCR, Kyrgyz authorities, Private sector, Privatization, Privatized enterprise, Tax code, Treasury bills and bonds, U.S. dollar, Vault cash

Publication Details

Pages:

126
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/008
Stock No:

1KGZEA0011998
ISBN:

9781451821307
ISSN:

1934-7685

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