Kyrgyz Republic: Kyrgyz Republic—Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility

Volume/Issue: Volume 2014 Issue 200
Publication date: July 2014
ISBN: 9781498392532
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Russian
Prices in red indicate formats that are not yet available but are forthcoming.
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.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , government , ECF arrangement , Kyrgyz authorities , SDR , Kyrgyz government , state government , Kyrgyz portfolio , Kyrgyz program , private sector , bank resolution , Central Asia

Summary

This paper discusses Kyrgyz Republic’s Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility. Following exceptionally strong performance in 2013, growth is moderating to a more sustainable pace. The program is broadly on track, with all end-December 2013 quantitative performance criteria and all but one indicative targets (IT) met for end-December 2013. Although three March 2014 ITs were missed, since then there has been progress in rebuilding reserves and enhancing tax collections. The two structural benchmarks for end-December were met. The IMF staff supports the completion of the sixth and final review.