The Kyrgyz Republic: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria

International Monetary Fund

No 2013/376, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on the Kyrgyz Republic’s Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria. Growth was strong over the first nine months of 2013, and inflation has declined steadily. Intensive public investment programs and the decline in gold prices are putting temporary pressures on the current account. The medium-term outlook is broadly favorable, despite the slowdown in the region. System-wide financial stability indicators have been broadly sound. The IMF staff recommends completion of the fifth review and approval of the request for modification of the performance criteria for end-December 2013.

Keywords: ISCR; CR; Kyrgyz authority; authority; Kyrgyz authorities; end-December deficit target; fund staff estimate; IMF's Executive Board; Monetary base; Public investment and public-private partnerships (PPP); Central Asia; Global; Middle East and Central Asia (search for similar items in EconPapers)
Pages: 102
Date: 2013-12-27
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