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Kyrgyz Republic: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; and Press Release on the Executive Board Consideration

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  • International Monetary Fund

Abstract

Economic activity in the Kyrgyz Republic has been buffeted by the political upheaval, and output growth has fallen short of expectations. The program builds on the country’s entrenched fiscal prudence and features a tightening in monetary policy, so as to secure rapid sustained growth in a low-inflation environment. Structural reforms under the program will focus on financial sector development, public financial management, further measures to reduce the energy sector’s quasifiscal losses, and improvements in the business climate. The main immediate risks to the outlook come from political pressures.

Suggested Citation

  • International Monetary Fund, 2006. "Kyrgyz Republic: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; and Press Release on the Executive Board Consideration," IMF Staff Country Reports 2006/235, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/235
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    Cited by:

    1. Tamon Asonuma & Mike Xin Li & Saji Thomas & Michael G. Papaioannou & Eriko Togo, 2018. "Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(10), pages 67-106, December.
    2. International Monetary Fund, 2015. "Haiti: Ex Post Assessment of Longer-Term Engagement," IMF Staff Country Reports 2015/004, International Monetary Fund.
    3. John Weeks, 2008. "The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities," Research Report 14, International Policy Centre for Inclusive Growth.

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