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
Press Release: IMF Executive Board Approves US$92.4 Million Extended Credit Facility to Support the Kyrgyz Republic
Kyrgyz Republic and the IMF
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
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.
Caucasus and Central Asia
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.