Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis

The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt dis...

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT DEBT RELIEF EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
Online Access:	http://documents.worldbank.org/curated/en/492841570637910932/Kyrgyz-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32566

id	okr-10986-32566
recordtype	oai_dc
spelling	okr-10986-325662021-05-25T09:28:28Z Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT DEBT RELIEF EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt distress for both external and overall public debt. However, the debt outlook remains vulnerable, especially to a deceleration in real GDP and exports growth and the depreciation of the KGS. To address these vulnerabilities, the authorities need to remain cautious when contracting and guaranteeing new debt, maintain fiscal discipline, improve public investment management, and continue improving the business environment to maintain the export potential of the country after the main gold mine will close in 2026. 2019-10-17T19:07:33Z 2019-10-17T19:07:33Z 2019-07 Report http://documents.worldbank.org/curated/en/492841570637910932/Kyrgyz-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32566 English 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 and Creditworthiness Study 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
topic	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT DEBT RELIEF EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
spellingShingle	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT DEBT RELIEF EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Europe and Central Asia Kyrgyz Republic
description	The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt distress for both external and overall public debt. However, the debt outlook remains vulnerable, especially to a deceleration in real GDP and exports growth and the depreciation of the KGS. To address these vulnerabilities, the authorities need to remain cautious when contracting and guaranteeing new debt, maintain fiscal discipline, improve public investment management, and continue improving the business environment to maintain the export potential of the country after the main gold mine will close in 2026.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	kyrgyz republic - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/492841570637910932/Kyrgyz-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32566
_version_	1764476808965652480

Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis

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