Kyrgyz Republic: Request for Disbursement under the Rapid Credit Facility-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic
Electronic Access:
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Summary:
The Kyrgyz government faces challenges of political turmoil and inter-ethnic flare-ups. The fiscal policy response to the economic crisis is appropriate, but there are limits to the expansion. The balances between revenue and expenditure choices as well as a shortfall in donor budget financing have to be maintained. Debt sustainability requires near and medium-term fiscal consolidation. Monetary policy has to support the post-crisis economic recovery while guarding against signs of exchange rate or inflation pressures. The emphasis on improving governance, transparency, and safeguards is commended.
Series:
Country Report No. 2010/336
Subject:
Commercial banks Credit Financial institutions Loans Monetary base Money Public debt Revenue administration Total expenditures
Frequency:
Monthly
English
Publication Date:
October 29, 2010
ISBN/ISSN:
9781455208579/1934-7685
Stock No:
1KGZEA2010001
Pages:
88
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