Kyrgyz Republic: Recent Economic Developments

International Monetary Fund

No 1998/008, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Kyrgyz Republic during 1995–97. Significant progress has been achieved in establishing macroeconomic stability since 1994. Inflation has fallen sharply over 1992–97, and projections indicate that the 17 percent targeted for the year will be achieved. After a massive output decline during 1991–95, real GDP started to increase in late 1995 and showed solid growth in 1996 and during the first half of 1997. The budget deficit was halved during 1995–96 and is targeted to decline further in 1997, financed mostly through external assistance.

Keywords: ISCR; CR; exchange rate; U.S. dollar; Kyrgyz authorities; tax code; private sector; vault cash; foreign exchange; privatized enterprise; Treasury bills and bonds; Imports; Privatization; Central Asia; Global (search for similar items in EconPapers)
Pages: 126
Date: 1998-02-05
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