International Monetary Fund

Search
Please send us your feedback

Kyrgyz Republic Resident Representative Site

Resident Representative Office in Kyrgyz Republic

This web page presents information about the work of the IMF in Kyrgyz Republic, including the activities of the IMF Resident Representative Office. Additional information can be found on the Kyrgyz Republic and IMF country page, including IMF reports and Executive Board documents that deal with Kyrgyz Republic.

News — Highlights

Subscribe

Press Release: IMF Executive Board Approves US$92.4 Million Extended Credit Facility to Support the Kyrgyz Republic

Press Release No. 15/165 click for more

Заявление по завершении миссии МВФ в Кыргызскую Республику

Пресс-релиз, 12 ноября 2014 года click for more

Kyrgyz Republic and the IMF

Press Release: Statement at the Conclusion of an IMF Staff Visit to the Kyrgyz Republic

February 4, 2016

Press Release: IMF Executive Board Completes the First Review Under the Extended Credit Facility Arrangement for the Kyrgyz Republic and Approves US$13.2 Million Disbursement

December 7, 2015

Kyrgyz Republic: Staff Concluding Statement of the 2015 Article IV and First Review under the Extended Credit Facility (ECF) Mission

September 30, 2015
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments. click for more

How to De-Dollarize Financial Systems in the Caucasus and Central Asia?

September 23, 2015
Author/Editor: Sami Ben Naceur ; Amr Hosny ; Gregory Hadjian
Series: Working Paper No. 15/203
 click for more

Press Release: Statement at the Conclusion of an IMF Staff Mission to the Kyrgyz Republic

July 15, 2015

Click for More click for more

Caucasus and Central Asia

image from the publication cover

Oil Price Decline and Regional Spillovers Darken the Outlook

Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 2015 mainly as a consequence of lower commodity prices and spillovers from Russia's slowdown. Where fiscal space and available financing allow, temporary fiscal easing would help economies respond to weakening demand and declining remittances. Over the medium term, fiscal consolidation is needed to rebuild depleted buffers and adjust spending plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to keep inflation expectations anchored in the face of weakening currencies. Over the medium term, deep structural reforms, particularly to improve the business climate and governance, would raise prospects and make economic growth more inclusive and diversified.