Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report
IMF Staff Country Reports, June 2, 2017
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- Canonical URL
- Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report
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Bibliographic details
- Published: June 2, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484302880.002
Key findings
- Program conditionality has been broadly met.
- All end-June 2016 quantitative PCs and indicative targets have been met.
- All but two structural benchmarks were met.
- The review of subsidies was not completed on time owing to limited capacity.
- The IMF staff supports completing the third review of the authorities' program under the ECF arrangement.
Policy actions and requests
- The authorities are requesting modification of performance criteria (PCs) to reflect:
- the revised macroeconomic outlook, and
- the availability of the fourth disbursement on completion of the review.
Program implementation status
- Quantitative performance:
- All end-June 2016 quantitative PCs and indicative targets: met.
- Structural performance:
- Structural benchmarks: all but two met.
- Specific missed item: review of subsidies—not completed on time due to limited capacity.
- IMF staff recommendation:
- Support completing the third review under the ECF arrangement.
Publication and metadata
- Publication date: June 2, 2017
- Series: Country Report No. 2017/143
- Issue: 143
- Pages: 126
- Volume: 2017
- DOI: https://doi.org/10.5089/9781484302880.002
- Stock No: 1KGZEA2017001
- ISBN: 9781484302880
- ISSN: 1934-7685
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Crime, External debt, Financial institutions, Financial services, Loans, Public debt
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authorities' effort, Central Asia, CR, exchange rate, expenditure measure, ISCR, Kyrgyz authorities, Kyrgyz government, Kyrgyzstan, Loans, national bank of the Kyrgyz Republic, policy slippage, real GDP
Source: Kyrgyz Republic: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report (IMF Staff Country Reports 2017, No. 143).
Content in this bundle
- Country Report