Kyrgyz Republic: Ex Post Assessment of Longer-Term Program Engagement
IMF Staff Country Reports, February 4, 2005
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- Kyrgyz Republic: Ex Post Assessment of Longer-Term Program Engagement
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Bibliographic details
- Published: February 4, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821475.002
Main findings
- External debt service claimed a steadily increasing share of fiscal revenues.
- A strengthened commitment to prudent fiscal policies and improved policy capacity have helped to turn around macroeconomic performance.
- Fiscal policy must deliver on its revenue targets, while addressing poverty and servicing large external debt obligations.
- Debt reduction must continue to be a main objective of any IMF-supported program.
Policy implications and recommendations
- Prioritize debt reduction as a central objective of program engagement.
- Ensure fiscal policy achieves stated revenue targets to balance poverty alleviation and external debt service obligations.
- Sustain and deepen improvements in policy capacity to support macroeconomic stabilization.
Thematic coverage and keywords
- Subject areas: Expenditure, Export performance, Exports, External debt, International trade, Public investment and public-private partnerships (PPP), Public investment spending.
- Keywords: balance of payments, Baltics, central bank, CR, current account, exchange rate, Export performance, Exports, fiscal policy, ISCR, Public investment and public-private partnerships (PPP), Public investment spending, state government, U.S. dollar.
Kyrgyz Republic: Ex Post Assessment of Longer-Term Program Engagement (IMF Staff Country Reports 2005, 032).
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- Kyrgyz Republic—Ex Post Assessment of Longer-Term Program Engagement