Kyrgyz Republic: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for New Three-Year PRGF Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 119

Publication date: March 2005

ISBN: 9781451821499

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Topics covered in this book

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Banks and Banking , Exports and Imports , Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , Kyrgyz authorities , road transit agreement , SDR , consumer price inflation , parliament of the Kyrgyz Republic , discussion of the Kyrgyz Republic , Currencies , Fiscal stance , Central Asia

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Summary

The staff report for the Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Kyrgyz Republic highlights the economic developments and policies. To ensure that the external debt ratios fall, the program introduces a new indicative target for concessional public borrowing. Low inflation and strong productivity growth to contain unit labor costs are crucial to set up favorable conditions for nongold exports. The key to boost productivity is higher private investment, and the program focuses on improving the investment climate.