Kyrgyz Republic: Selected Issues

International Monetary Fund

No 2011/156, IMF Staff Country Reports from International Monetary Fund

Abstract: Performance of the banking sector during the crisis and challenges are discussed. The impact of the political crisis on the banking sector is outlined. The Kyrgyz Republic is one of the most open economies in the world. Gross international reserves (GIR) in the Kyrgyz Republic have increased more than sixfold in the last decade. Gold exports, remittances, and official development assistance have become important sources of reserve accumulation. The current level of reserves in the Kyrgyz Republic comfortably meets most reserve adequacy indicators, but fails on one metric used for low-income countries (LICs).

Keywords: ISCR; CR; Kyrgyzstan; bank; sc; nominal exchange rate; NBKR; Kyrgyz authorities; current account; demand shock; reserve adequacy; AUB situation; problem bank; open economy; nominal exchange rate flexibility; NBKR staff members; Exchange rate flexibility; Conventional peg; International reserves; Real exchange rates; Exchange rate arrangements; Global (search for similar items in EconPapers)
Pages: 20
Date: 2011-06-28
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