Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory
The first part of the Economic Update analyzes recent macroeconomic trends and presents an assessment of the country’s short- and medium-term outlook. The Kyrgyz economy has remained resilient to the adverse regional environment, but growth prospec...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/562271485242427555/Kyrgyz-Republic-A-resilient-economy-on-a-slow-growth-trajectory-with-a-special-focus-on-tax-reform http://hdl.handle.net/10986/25973 |
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okr-10986-259732021-05-25T08:56:59Z Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory World Bank Group tax reform economic growth economic outlook structural reforms fiscal trends government spending inflation trade informality The first part of the Economic Update analyzes recent macroeconomic trends and presents an assessment of the country’s short- and medium-term outlook. The Kyrgyz economy has remained resilient to the adverse regional environment, but growth prospects are modest and adjustments needed.Overall, the macroeconomic situation improved slightly since the shock stemming from Russia’s recession hit in [late 2014]. In the medium term, growth prospects should improve as remittances and the external demand environment recover.However, although risks have moderated, they remain elevated. The main sources of risk relate to possible adverse developments in neighboring economies, principally related to oil prices and exchange rate dynamics. This implies the need to rebuild fiscal buffers over the next 2-3 years through a mix of expenditure consolidation and revenue mobilization. The Special Focus Section discusses tax revenue reforms, presenting the findings of a recent World Bank Tax Administration Diagnostics Assessment (TADAT). 2017-01-31T19:13:48Z 2017-01-31T19:13:48Z 2016-12 Report http://documents.worldbank.org/curated/en/562271485242427555/Kyrgyz-Republic-A-resilient-economy-on-a-slow-growth-trajectory-with-a-special-focus-on-tax-reform http://hdl.handle.net/10986/25973 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 Updates and Modeling Economic & Sector Work 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 |
tax reform economic growth economic outlook structural reforms fiscal trends government spending inflation trade informality |
| spellingShingle |
tax reform economic growth economic outlook structural reforms fiscal trends government spending inflation trade informality World Bank Group Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| geographic_facet |
Europe and Central Asia Kyrgyz Republic |
| description |
The first part of the Economic Update
analyzes recent macroeconomic trends and presents an
assessment of the country’s short- and medium-term outlook.
The Kyrgyz economy has remained resilient to the adverse
regional environment, but growth prospects are modest and
adjustments needed.Overall, the macroeconomic situation
improved slightly since the shock stemming from Russia’s
recession hit in [late 2014]. In the medium term, growth
prospects should improve as remittances and the external
demand environment recover.However, although risks have
moderated, they remain elevated. The main sources of risk
relate to possible adverse developments in neighboring
economies, principally related to oil prices and exchange
rate dynamics. This implies the need to rebuild fiscal
buffers over the next 2-3 years through a mix of expenditure
consolidation and revenue mobilization. The Special Focus
Section discusses tax revenue reforms, presenting the
findings of a recent World Bank Tax Administration
Diagnostics Assessment (TADAT). |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| title_short |
Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| title_full |
Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| title_fullStr |
Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| title_full_unstemmed |
Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory |
| title_sort |
kyrgyz republic economic update, winter 2016 : a resilient economy on a slow growth trajectory |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/562271485242427555/Kyrgyz-Republic-A-resilient-economy-on-a-slow-growth-trajectory-with-a-special-focus-on-tax-reform http://hdl.handle.net/10986/25973 |
| _version_ |
1764460625168171008 |