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Kyrgyz Republic Resident Representative Site

Resident Representative Office in Kyrgyz Republic

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


Press Release: IMF Executive Board Approves US$92.4 Million Extended Credit Facility to Support the Kyrgyz Republic

Press Release No. 15/165 click for more

Заявление по завершении миссии МВФ в Кыргызскую Республику

Пресс-релиз, 12 ноября 2014 года click for more

Kyrgyz Republic and the IMF

Press Release: Statement at the Conclusion of an IMF Staff Mission to the Kyrgyz Republic

July 15, 2015

Press Release: IMF Staff Concludes Visit to the Kyrgyz Republic

May 28, 2015

IMF Survey : Caucasus, Central Asia Feel Impact of Adverse Shocks

May 19, 2015
Growth in the Caucasus and Central Asia is expected to decline by 2 percent this year as a result of lower commodity prices and the economic slowdown in Russia, says the latest regional forecast by IMF staff. click for more

IMF Survey : Kyrgyz Republic Gets Loan to Boost Economy Amid Regional Slump

May 14, 2015
The IMF has approved a $92 million loan to the Kyrgyz Republic to back a reform program aimed at bolstering the country’s resilience to the slowdown in Russia and other external factors. click for more

Kyrgyz Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; and Press Release

May 14, 2015
Series: Country Report No. 15/113
Also available in Russian click for more

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Caucasus and Central Asia

image from the publication cover

Oil Price Decline and Regional Spillovers Darken the Outlook

Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 2015 mainly as a consequence of lower commodity prices and spillovers from Russia's slowdown. Where fiscal space and available financing allow, temporary fiscal easing would help economies respond to weakening demand and declining remittances. Over the medium term, fiscal consolidation is needed to rebuild depleted buffers and adjust spending plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to keep inflation expectations anchored in the face of weakening currencies. Over the medium term, deep structural reforms, particularly to improve the business climate and governance, would raise prospects and make economic growth more inclusive and diversified.