Kyrgyz Republic: 2011 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kyrgyz Republic.
June 28, 2011
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The Kyrgyz Republic is recovering from a deep political crisis. Agriculture, tourism, mining, and textile production will be important drivers of growth. Strong export-oriented growth and fiscal consolidation will help to reduce the current account deficit in the medium term. Executive Directors endorsed the authorities’ structural reform agenda, emphasizing that steadfast implementation is critical to the success of the economic program; developments in the banking sector have exposed shortcomings in the bank resolution framework and the central bank’s de facto lack of supervisory independence.
Subject: External debt, Inflation, Prices, Public and publicly-guaranteed external debt, Public debt, Revenue administration
Keywords: CR, Global, Inflation, inflation objective, ISCR, Kyrgyz authorities, NBKR chairperson, NBKR management, Public and publicly-guaranteed external debt, request, Three-Year, Three-Year arrangement
Pages:
124
Volume:
2011
DOI:
Issue:
155
Series:
Country Report No. 2011/155
Stock No:
1KGZEA2011001
ISBN:
9781455280575
ISSN:
1934-7685
