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

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 047

Publication date: February 2005

ISBN: 9781451821482

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Labor , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , Kyrgyz authorities , reform package , PRGF arrangement , PRGF loan , PRGF-supported program , Poverty reduction strategy , Currencies , Central Asia

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Summary

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.