Kyrgyz Republic : Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; and Press Release

Publication Date: May 15, 2012
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Summary: This paper presents key findings of the Second Review for the Kyrgyz Republic under the Extended Credit Facility. Buoyant revenue collection and significant shortfalls in external financing led to a lower-than-programmed fiscal deficit for 2011. The overall health of the banking sector continued to improve but vulnerabilities remain. Strong adherence to the policies agreed under the IMF-supported program has played an important role in achieving economic recovery and macroeconomic stabilization. The fiscal stance for 2012 is appropriate and reflects pressing social and infrastructure development needs.
Series: Country Report No. 12/111
Subject(s): Bank resolution | Bank supervision | Extended Credit Facility | Fiscal consolidation | Fiscal reforms | Governance | Performance criteria modifications | Staff Reports | Kyrgyz Republic

Notes Also Available in Russian
Publication Date: May 15, 2012
ISBN/ISSN: 9781475503579/1934-7685 Format: Paper
Stock No: 1KGZEA2012001 Pages: 79
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