IMF Staff Country Reports

Kyrgyz Republic: Recent Economic Developments

May 5, 1999

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International Monetary Fund. "Kyrgyz Republic: Recent Economic Developments", IMF Staff Country Reports 1999, 031 (1999), accessed 12/26/2025, https://doi.org/10.5089/9781451821314.002

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Summary

This paper reviews economic developments in the Kyrgyz Republic during 1995–99. After having contracted by about 50 percent between 1992 and 1995, real GDP recovered strongly in 1996, with a growth rate of more than 7 percent. The main source behind this increase was a strong growth of the agricultural sector, which continued the following year, and, combined with the startup of the Kumtor gold mine, led to a real GDP growth rate of almost 10 percent in 1997. During 1998, growth slowed down to about 2 percent.

Subject: Banking, Commercial banks, Expenditure, Exports, External debt, Imports, International trade, Revenue administration

Keywords: Baltics, CR, exchange rate, Exports, Imports, interbank market, ISCR, Kyrgyz authorities, private sector, U.S. dollar

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