IMF Staff Country Reports

Kyrgyz Republic: Recent Economic Developments

Publication Date:

May 16, 1995

Summary:

This paper reviews economic developments in the Kyrgyz Republic during 1990–95. From October 1993 onward, the authorities vigorously pursued restrictive credit policies, which led to monthly inflation rates falling from more than 30 percent in September and October 1993 to low single-digit levels from the spring of 1994 onward. In early 1994, all of the structural measures contemplated under the 1993 program were implemented. In May 1994, the government formulated a comprehensive medium-term economic program (1994–97) to stabilize further the economy and accelerate its structural transformation.

Series:

Country Report No. 1995/038

Subject:

Banking Commercial banks Credit Currencies Expenditure Financial institutions Imports International trade Money

Notes:

This report on recent economic developments in the Kyrgyz Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consulation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.