Kyrgyz Republic : First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Staff Statement and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic.

Publication Date: December 14, 2011
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Summary: The Kyrgyz Republic is emerging from a deep political crisis. In April 2010, a popular uprising toppled the previous regime and internal ethnic conflict in June 2010 exacerbated the already difficult political situation. The crisis has adversely affected economic activity and near-term growth prospects, straining the government’s financial position, which has been worsened further by critical reconciliation, recovery, and reconstruction needs. Continued growth in Russia and Kazakhstan, combined with high gold prices, contributed to an expansion in remittances and gold exports by 33 percent and 74 percent, respectively.
Series: Country Report No. 11/354
Subject(s): Bank resolution | Bank supervision | Economic indicators | Extended Credit Facility | Fiscal consolidation | Fiscal reforms | Governance | Multiple currency practices | Performance criteria modifications | Staff Reports | Unemployment

Notes Also Available in Russian
Publication Date: December 14, 2011
ISBN/ISSN: 9781463929213/1934-7685 Format: Paper
Stock No: 1KGZEA2011003 Pages: 85
US$18.00 (Academic Rate:
US$18.00 )
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