Kyrgyz Republic: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion
January 22, 2004
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The Kyrgyz Republic has made good progress under the Poverty Reduction Growth Facility (PRGF)-supported economic program. Executive Directors commended the sound policies, low inflation, and poverty reduction. They appreciated the strong fiscal discipline, and monetary and exchange rate policies. They emphasized the need to accelerate structural reforms, strengthen the financial system, and restructure the electricity sector. They stressed the need to reduce corruption and improve governance so as to promote investment and growth. They congratulated authorities for the successful implementation of the second PRGF, and granted a waiver.
Subject: Currencies, Expenditure, External debt, Foreign exchange, Money, Revenue administration
Keywords: authority, Central Asia, CR, Currencies, depreciation of the nominal exchange rate, fourth quarter benchmark, ISCR, Kyrgyz authorities, Kyrgyzstan, PRGF loan, Three-Year PRGF arrangement
Pages:
91
Volume:
2004
DOI:
Issue:
016
Series:
Country Report No. 2004/016
Stock No:
1KGZEA0012004
ISBN:
9781451821369
ISSN:
1934-7685
