Kyrgyz Republic: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kyrgyz Republic

March 4, 2024

Preview Citation

Format: Chicago

Kyrgyz Republic: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kyrgyz Republic, (USA: International Monetary Fund, 2024) accessed November 8, 2024

Summary

The new trade and labor migration patterns that emerged since the start of Russia’s war in Ukraine have provided an unexpected boost to growth. Tax revenue increased considerably since 2021, public debt declined below 50 percent of GDP by end-2022, and inflation while still elevated has decelerated into the single digits in 2023. The authorities should take advantage of these generally favorable macroeconomic conditions to strengthen their policy framework and advance structural reforms on multiple fronts to build resilience, support higher and more inclusive growth, and mitigate the risks from heightened global uncertainty.

Subject: Debt sustainability analysis, Economic and financial statistics, External debt, Government finance statistics, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Debt sustainability analysis, Global, Government finance statistics, Headline inflation, January monetary policy meeting, Kyrgyz authorities, Policy recommendation, Staff appraisal

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/064
Stock No:

1KGZEA2024001
ISBN:

9798400269424
ISSN:

1934-7685

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