Kyrgyz Republic: Selected Issues
IMF Staff Country Reports, February 16, 2023
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- Kyrgyz Republic: Selected Issues
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Bibliographic details
- Published: February 16, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400232725.002
Overview
- This Selected Issues paper discusses governance challenges in the Kyrgyz Republic and aims to assess various aspects of governance and identify key challenges.
- Governance reforms can leverage linkages to the global economy and structural transformation to deliver higher and more inclusive growth.
- Combating corruption and strengthening governance, including of state-owned enterprises and public finances, and improving the regulatory environment and the anti-corruption; and Anti-money Laundering and Combating Financial Terrorism (AML/CFT) framework, are critical steps to improve the business climate and promote private sector-led growth.
- Reforms in these areas have significant potential to increase efficiency of allocation of public resources and the delivery of public services.
Key findings and projected impact
- The IMF’s analytical work has shown that governance reforms could raise the country’s growth rates by about 1.2 percentage points per year.
- Strengthening control of corruption and regulatory quality, reforming state-owned enterprises, and enhancing transparency and accountability of the public sector are important priorities to pursue.
Policy recommendations
- Combat corruption and strengthen governance across the public sector.
- Reform state-owned enterprises to improve efficiency and transparency.
- Strengthen public financial management to improve allocation of public resources and delivery of public services.
- Improve the regulatory environment to promote private sector-led growth.
- Enhance the Anti-money Laundering and Combating Financial Terrorism (AML/CFT) framework and anti-corruption measures to improve the business climate.
Thematic coverage and metadata
- Subjects: Climate change, Climate policy, Environment, Expenditure, Greenhouse gas emissions, International organization, Monetary policy, Poverty, Social assistance spending
- Keywords: Central and Eastern Europe, Central Asia, Climate change, climate change policy, climate change prospects in the Kyrgyz Republic, Climate policy, developments in poverty, Europe, Global, Greenhouse gas emissions, inclusion indicator, Middle East and Central Asia, poverty in the Kyrgyz republic, poverty rates in the Kyrgyz Republic, Social assistance spending, SSNS poverty mitigation effect
Content in this bundle
- Kyrgyz Republic: Selected Issues; IMF Country Report No. 23/92; January 4, 2023