Debt Management Performance Assessment : Kyrgyz Republic
The Kyrgyz Republic became a parliamentary democracy in 2010 following political turmoil and ethnic unrest. Kyrgyz Republic’s economy has been resilient; however, the growth momentum of the past few years has been declining due to the difficult glo...
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2016
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Online Access: | http://documents.worldbank.org/curated/en/2016/04/26219339/kyrgyz-republic-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/24393 |
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okr-10986-243932021-05-25T10:54:37Z Debt Management Performance Assessment : Kyrgyz Republic World Bank Group DEBT MANAGEMENT EXPORTS EXTENDED CREDIT FACILITY FISCAL REFORMS GLOBAL ECONOMY INFLATION MACROECONOMIC STABILITY RE-EXPORTS REGIONAL CONFLICTS The Kyrgyz Republic became a parliamentary democracy in 2010 following political turmoil and ethnic unrest. Kyrgyz Republic’s economy has been resilient; however, the growth momentum of the past few years has been declining due to the difficult global economic environment and regional conflicts’ spillover effects on the country. While the shift provided a drive for critical fiscal reforms, financial sector reforms turned out to be challenging. The country successfully completed a three-year arrangement under the Extended Credit Facility in 2014. During the period, macro-economic stability was restored, and growth picked up. Inflation was kept below 10 per cent throughout the program. However, deepening economic crisis in Russia, adverse weather and the initial impact of the accession to the Eurasian Economic Union were the key contributing factors to the worsening outlook in 2015. Weaker demand in Russia and Kazakhstan adversely affect the exports and re-export sectors. Remittances from workers in Russia and Kazakhstan, which contribute about 30 percent of the country’s economy, have slowed down, and are expected to decline by more than 10 percent in 2015. 2016-06-02T21:14:11Z 2016-06-02T21:14:11Z 2016-10 Report http://documents.worldbank.org/curated/en/2016/04/26219339/kyrgyz-republic-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/24393 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt Management Performance Assessment Europe and Central Asia Kyrgyz Republic |
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Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
DEBT MANAGEMENT EXPORTS EXTENDED CREDIT FACILITY FISCAL REFORMS GLOBAL ECONOMY INFLATION MACROECONOMIC STABILITY RE-EXPORTS REGIONAL CONFLICTS |
spellingShingle |
DEBT MANAGEMENT EXPORTS EXTENDED CREDIT FACILITY FISCAL REFORMS GLOBAL ECONOMY INFLATION MACROECONOMIC STABILITY RE-EXPORTS REGIONAL CONFLICTS World Bank Group Debt Management Performance Assessment : Kyrgyz Republic |
geographic_facet |
Europe and Central Asia Kyrgyz Republic |
description |
The Kyrgyz Republic became a
parliamentary democracy in 2010 following political turmoil
and ethnic unrest. Kyrgyz Republic’s economy has been
resilient; however, the growth momentum of the past few
years has been declining due to the difficult global
economic environment and regional conflicts’ spillover
effects on the country. While the shift provided a drive for
critical fiscal reforms, financial sector reforms turned out
to be challenging. The country successfully completed a
three-year arrangement under the Extended Credit Facility in
2014. During the period, macro-economic stability was
restored, and growth picked up. Inflation was kept below 10
per cent throughout the program. However, deepening economic
crisis in Russia, adverse weather and the initial impact of
the accession to the Eurasian Economic Union were the key
contributing factors to the worsening outlook in 2015.
Weaker demand in Russia and Kazakhstan adversely affect the
exports and re-export sectors. Remittances from workers in
Russia and Kazakhstan, which contribute about 30 percent of
the country’s economy, have slowed down, and are expected to
decline by more than 10 percent in 2015. |
format |
Report |
author |
World Bank Group |
author_facet |
World Bank Group |
author_sort |
World Bank Group |
title |
Debt Management Performance Assessment : Kyrgyz Republic |
title_short |
Debt Management Performance Assessment : Kyrgyz Republic |
title_full |
Debt Management Performance Assessment : Kyrgyz Republic |
title_fullStr |
Debt Management Performance Assessment : Kyrgyz Republic |
title_full_unstemmed |
Debt Management Performance Assessment : Kyrgyz Republic |
title_sort |
debt management performance assessment : kyrgyz republic |
publisher |
World Bank, Washington, DC |
publishDate |
2016 |
url |
http://documents.worldbank.org/curated/en/2016/04/26219339/kyrgyz-republic-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/24393 |
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1764456531740327936 |