Kyrgyz Republic: Staff Report for the 2001 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility
December 19, 2001
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Executive Directors commend the government for their achievements in macroeconomic stabilization. Continuing growth, low inflation, and stability in the foreign exchange market provide a solid foundation for the new program. Renewed effort to strengthen tax administration is required. Success in fiscal consolidation depends on streamlining public investment. The National Bank of the Kyrgyz Republic (NBKR) has to balance between maintaining low inflation and satisfying the economy's liquidity needs. A continuation of the tight monetary policy is needed. The Kyrgyz Republic's external debt is a serious problem.
Subject: Debt strategy, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Public investment spending
Keywords: Asia and Pacific, Central Asia, central government budget arrears, CR, Debt strategy, enterprise loan, GDP, government, IDA enterprise loan, ISCR, Kyrgyz authorities, Kyrgyzstan, NBKR liability, near-term strategy, Public investment and public-private partnerships (PPP), Public investment spending
Pages:
112
Volume:
2001
DOI:
Issue:
223
Series:
Country Report No. 2001/223
Stock No:
1KGZEA0012001
ISBN:
9781451821338
ISSN:
1934-7685
