Debt Management Performance Assessment : Kyrgyz Republic

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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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
DEBT MANAGEMENT
EXPORTS
EXTENDED CREDIT FACILITY
FISCAL REFORMS
GLOBAL ECONOMY
INFLATION
MACROECONOMIC STABILITY
RE-EXPORTS
REGIONAL CONFLICTS
Online Access:http://documents.worldbank.org/curated/en/2016/04/26219339/kyrgyz-republic-debt-management-performance-assessment-dempa
http://hdl.handle.net/10986/24393
id okr-10986-24393
recordtype oai_dc
spelling 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
repository_type 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
_version_ 1764456531740327936

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