South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study

The Kyrgyz economy has been, since its earliest days, the most liberal and open among Central Asian countries resulting in an atypical structural transformation with limited productivity growth. It was the first Central Asian country to become a WT...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT
Online Access:	http://documents.worldbank.org/curated/en/195641593500452028/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Kyrgyz-Republic-Country-Case-Study http://hdl.handle.net/10986/34118

id	okr-10986-34118
recordtype	oai_dc
spelling	okr-10986-341182021-06-14T09:58:16Z South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study World Bank BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT The Kyrgyz economy has been, since its earliest days, the most liberal and open among Central Asian countries resulting in an atypical structural transformation with limited productivity growth. It was the first Central Asian country to become a WTO member in 1998 and its trade share in GDP is the highest in the region. This is largely due to the flourishing cross-border trade with Kyrgyz Republic’s large markets, Dordoi and Kara-Su, intermediating large volumes of goods: importing goods through both formal and informal trade systems, mainly from China, and re-exporting (in few cases with some value-addition) most of that to other economies in the region. It has highly entrepreneurial traders and a logistics-system that caters well to this large ‘entrepot’ trade. Agriculture and light manufacturing have contributed to its exports. This note assesses the potential impact of BRI over connectivity and the Kazakh economy. It looks at how, if fully implemented globally, the BRI is expected to achieve better transport connections and greater economic integration of participating BRI countries, discusses improvements in Kazakhstan’s cross-border transport, electricity and ICT infrastructure to-date, and the potential impact of the completion of BRI transport projects on lowering Kazakh shipment time. It further looks at the likely economic impact of BRI reductions in shipment time on exports, FDI and GDP, the within country regional distribution of that impact and how complementary polices can enhance the positive impact and reduce regional inequity. Finally, it also examines the fiscal risk of scaling-up investment in BRI projects in the coming years without undermining medium-term debt sustainability. 2020-07-15T20:17:01Z 2020-07-15T20:17:01Z 2020-06 Report http://documents.worldbank.org/curated/en/195641593500452028/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Kyrgyz-Republic-Country-Case-Study http://hdl.handle.net/10986/34118 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Europe and Central Asia China 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	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT
spellingShingle	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT World Bank South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
geographic_facet	Europe and Central Asia China Kyrgyz Republic
description	The Kyrgyz economy has been, since its earliest days, the most liberal and open among Central Asian countries resulting in an atypical structural transformation with limited productivity growth. It was the first Central Asian country to become a WTO member in 1998 and its trade share in GDP is the highest in the region. This is largely due to the flourishing cross-border trade with Kyrgyz Republic’s large markets, Dordoi and Kara-Su, intermediating large volumes of goods: importing goods through both formal and informal trade systems, mainly from China, and re-exporting (in few cases with some value-addition) most of that to other economies in the region. It has highly entrepreneurial traders and a logistics-system that caters well to this large ‘entrepot’ trade. Agriculture and light manufacturing have contributed to its exports. This note assesses the potential impact of BRI over connectivity and the Kazakh economy. It looks at how, if fully implemented globally, the BRI is expected to achieve better transport connections and greater economic integration of participating BRI countries, discusses improvements in Kazakhstan’s cross-border transport, electricity and ICT infrastructure to-date, and the potential impact of the completion of BRI transport projects on lowering Kazakh shipment time. It further looks at the likely economic impact of BRI reductions in shipment time on exports, FDI and GDP, the within country regional distribution of that impact and how complementary polices can enhance the positive impact and reduce regional inequity. Finally, it also examines the fiscal risk of scaling-up investment in BRI projects in the coming years without undermining medium-term debt sustainability.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
title_short	South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
title_full	South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
title_fullStr	South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
title_full_unstemmed	South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study
title_sort	south caucasus and central asia - the belt and road initiative : kyrgyz republic country case study
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/195641593500452028/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Kyrgyz-Republic-Country-Case-Study http://hdl.handle.net/10986/34118
_version_	1764480191601573888

South Caucasus and Central Asia - The Belt and Road Initiative : Kyrgyz Republic Country Case Study

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