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
October 29, 2010
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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.
Subject: Commercial banks, Credit, Financial institutions, Loans, Monetary base, Money, Public debt, Revenue administration, Total expenditures
Keywords: Asia and Pacific, balance of payments pressure, Central Asia, Commercial banks, CR, Credit, disbursement under the Rapid Credit Facility, Global, ISCR, Kyrgyz authorities, Loans, staff appraisal, staff statement, wheat price increase
Pages:
88
Volume:
2010
DOI:
Issue:
336
Series:
Country Report No. 2010/336
Stock No:
1KGZEA2010001
ISBN:
9781455208579
ISSN:
1934-7685
