Kyrgyz Republic: Staff Report for the 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion
Volume/Issue:
Volume 2003
Issue 051
Publication date: March 2003
ISBN: 9781451821352
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Topics covered in this book
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Business and Economics , Political Science , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , authority , Kyrgyz authorities , prudent fiscal policy , Kyrgyzstan , tax , IMF's executive board , real property tax , program benchmark , referendum process , Poverty reduction strategy , Poverty reduction , Arrears , Asia and Pacific , Central Asia
Summary
This paper examines the Kyrgyz Republic’s 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criterion. All performance criteria but one were observed for the period under review (April 1, 2002–September 30, 2002). The end-September targets on net international reserves and net domestic assets were met with wide margins. The fiscal deficit was within the program limit, despite the shortfall in revenues owing to the decline in real GDP. The target on tax collection was met thanks to improved tax administration.
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