Kyrgyz Republic: Staff Report for the 2004 Article IV Consultation and Request to Extend the PRGF Arrangement

International Monetary Fund

No 2005/047, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the combined 2004 Article IV Consultation on the Kyrgyz Republic highlights the economic developments and external policies. The Kyrgyz Republic’s good economic performance owes much to its macroeconomic policies. Fiscal consolidation has helped to stabilize external debt, particularly by containing the externally financed public investment program. The anticipated decline in gold exports calls for actions to diversify exports and preserve cost competitiveness through low inflation and structural reforms to boost productivity growth.

Keywords: ISCR; CR; Kyrgyz authorities; reform package; PRGF arrangement; PRGF loan; PRGF-supported program; Poverty reduction strategy; Currencies; Central Asia (search for similar items in EconPapers)
Pages: 70
Date: 2005-02-10
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