Kyrgyz Republic: 2025 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2025 Issue 118

Publication date: June 2025

ISBN: 9798229013031

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Kyrgyz authorities , NBKR law , NBKR capital , operations-monetary policy implementation , Kyrgyz Republic banking supervisor , Debt sustainability analysis , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global

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Summary

The Kyrgyz Republic has shown remarkable resilience amid heightened global uncertainty. Inflation has declined to mid-single digits, but underlying demand pressures require continued vigilance. Favorable debt dynamics have created fiscal space to invest in infrastructure, energy, and human capital. Looking ahead, growth is expected to moderate and converge to its potential of around 5¼ percent over the medium term as re-export trade normalizes. However, the outlook remains highly dependent on geopolitical developments. Priorities going forward include rebuilding policy buffers and advancing structural reforms to strengthen resilience and support sustained and inclusive growth.