Kyrgyz Republic: Request for Disbursement under the Rapid Credit Facility-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic

October 29, 2010

Preview Citation

Format: Chicago

Kyrgyz Republic: Request for Disbursement under the Rapid Credit Facility-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

The Kyrgyz government faces challenges of political turmoil and inter-ethnic flare-ups. The fiscal policy response to the economic crisis is appropriate, but there are limits to the expansion. The balances between revenue and expenditure choices as well as a shortfall in donor budget financing have to be maintained. Debt sustainability requires near and medium-term fiscal consolidation. Monetary policy has to support the post-crisis economic recovery while guarding against signs of exchange rate or inflation pressures. The emphasis on improving governance, transparency, and safeguards is commended.

Subject: Commercial banks, Credit, Financial institutions, Loans, Monetary base, Money, Public debt, Revenue administration, Total expenditures

Keywords: Asia and Pacific, Balance of payments pressure, Central Asia, Commercial banks, CR, Credit, Disbursement under the Rapid Credit Facility, Global, ISCR, Kyrgyz authorities, Loans, Staff appraisal, Staff statement, Wheat price increase

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/336
Stock No:

1KGZEA2010001
ISBN:

9781455208579
ISSN:

1934-7685

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