Kyrgyz Republic Resident Representative Site
Resident Representative Office in Kyrgyz Republic
May 22, 2013
This web page presents information about the work of the IMF in Kyrgyz Republic, including the activities of the IMF Resident Representative Office. Additional information can be found on the Kyrgyz Republic and IMF country page, including IMF reports and Executive Board documents that deal with Kyrgyz Republic.
News — Highlights
Доклад персонала для консультаций 2011 года в соответствии со статьей IV и просьбы об утверждении трехлетней договоренности в рамках Расширенного кредитного механизма; приложение; заявление персонала; информационное сообщение для общественности и пресс-релиз об обсуждении на заседании Исполнительного совета; заявление исполнительного директора от Кыргызской Республики
Исполнительный совет МВФ утверждает договоренность с Кыргызской Республикой в рамках расширенного кредитного механизма в размере 106 млн долларов США
Donors Conference Concluding Remarks Joint Economic Assessment Report for the Kyrgyz Republic Donor Conference
Kyrgyz Republic and the IMF
Press Release: IMF Executive Board Completes the Fifth Review under the ECF Arrangement for the Kyrgyz Republic and Approves US$14.6 Million Disbursement
Press Release: IMF Announces Staff-Level Agreement with the Kyrgyz Republic on the Fifth Review of the Extended Credit Facility
September 25, 2013
Program Note on the Kyrgyz Republic
Kyrgyz Republic: 2013 Article IV Consultation and Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance of a Performance Criterion, and Request for Modification of Performance Criteria—Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kyrgyz Republic
Regional Economic Outlook: Middle East and Central Asia
The near-term economic outlook for the Middle East and North Africa region has weakened. In the oil-importing countries, many of which are Arab countries in transition, regional conflict, heightened political tensions, and delays in reforms continue to weigh on growth. In this context, the immediate policy priorities are to restore confidence and create jobs, make inroads into fiscal consolidation to restore debt sustainability and rebuild buffers, and embark on structural reforms needed to support private sector-led, job-intensive growth. Most oil-exporting countries continue to enjoy steady growth in the non-oil sector, supported in part by high levels of public spending. Although headline growth has declined because of domestic oil supply disruptions and lower global demand, a recovery in oil production is expected to lift growth next year. Increased vulnerability to a sustained decline in oil prices and intergenerational equity considerations underscore the need for countries to strengthen their fiscal buffers. Key medium-term challenges remain economic diversification and faster private-sector job-creation for nationals.
Economic activity in the Caucasus and Central Asia (CCA) is expected to continue expanding rapidly, with the CCA remaining among the fastest-growing regions in the world. Growth will be driven by a recovery in the hydrocarbon sector and firm growth in domestic demand, supported in part by stable remittance inflows. Considerable downside risks weigh on this outlook, however, stemming in particular from slower-than-expected growth in Russia, an important trading partner and source of remittance inflows. CCA economies should take advantage of the favorable near-term economic conditions to rebuild fiscal policy buffers that were eroded after the global crisis. In some cases, more exchange rate flexibility would help increase resilience to unanticipated shocks while supporting competitiveness. The positive near-term outlook is also an opportunity to strengthen policy frameworks and set in motion a process of structural transformation into dynamic emerging economies.