Kyrgyz Republic: Recent Economic Developments

International Monetary Fund

No 1995/038, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; personal property; Kyrgyz enterprise; capital base; inflation rate; enterprise privatization; financial situation; b. enterprise privatization; enterprise arrears; loss-making enterprise; public sector enterprise; joint stock; enterprises book; trucking enterprise; Credit; Commercial banks; Imports; Currencies; Central Asia (search for similar items in EconPapers)
Pages: 108
Date: 1995-05-16
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