Kyrgyz Republic: Recent Economic Developments
May 16, 1995
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This paper reviews economic developments in the Kyrgyz Republic during 1990–95. From October 1993 onward, the authorities vigorously pursued restrictive credit policies, which led to monthly inflation rates falling from more than 30 percent in September and October 1993 to low single-digit levels from the spring of 1994 onward. In early 1994, all of the structural measures contemplated under the 1993 program were implemented. In May 1994, the government formulated a comprehensive medium-term economic program (1994–97) to stabilize further the economy and accelerate its structural transformation.
Subject: Banking, Commercial banks, Credit, Currencies, Expenditure, Financial institutions, Imports, International trade, Money
Keywords: b. enterprise privatization, capital base, Central Asia, Commercial banks, CR, Credit, Currencies, enterprise arrears, enterprise privatization, enterprises book, financial situation, Imports, inflation rate, ISCR, joint stock, Kyrgyz enterprise, loss-making enterprise, personal property, public sector enterprise, trucking enterprise
Pages:
108
Volume:
1995
DOI:
Issue:
038
Series:
Country Report No. 1995/038
Stock No:
1KGZEA0011995
ISBN:
9781451821284
ISSN:
1934-7685
Notes
This report on recent economic developments in the Kyrgyz Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consulation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
