IMF Staff Country Reports

Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria—Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic.

Publication Date:

December 12, 2012

Electronic Access:

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Summary:

The Kyrgyz Republic has stabilized with the formation of a new coalition, but political uncertainty remains. Despite a slump in gold production and delays in donor financing, monetary and fiscal policies remained prudent. Improving the business climate, good governance, and strong institutions remain key to sustaining strong growth over the medium term. Fiscal consolidation with strong revenue measures and prudent expenditure policies are instrumental in safeguarding macroeconomic stability. More forceful reform efforts are needed to ensure long-term viability of the banking sector.

Series:

Country Report No. 2012/329

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Expenditure Financial services Monetary base Public debt Revenue administration Total expenditures

Notes:

Also Available in Russian