1.

Record Nr.

UNINA9910815567903321

Titolo

The Kyrgyz Republic : : Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-5281-5

1-4843-3055-2

1-4843-3069-2

Edizione

[1st ed.]

Descrizione fisica

1 online resource (103 p.)

Collana

IMF Staff Country Reports

Disciplina

338.9

Soggetti

Economic development - Kyrgyzstan

Fiscal policy - Kyrgyzstan

Monetary policy - Kyrgyzstan

Financial institutions - Kyrgyzstan

Economic indicators - Kyrgyzstan

Banks and Banking

Money and Monetary Policy

Public Finance

Industries: Financial Services

Criminology

Macroeconomics

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Taxation, Subsidies, and Revenue: General

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Debt

Debt Management

Sovereign Debt

National Government Expenditures and Related Policies: Infrastructures

Other Public Investment and Capital Stock

Financial Institutions and Services: Government Policy and Regulation

Public finance & taxation

Banking

Monetary economics

Finance



Corporate crime

white-collar crime

Labour

income economics

Monetary base

Revenue administration

Public debt

Public investment and public-private partnerships (PPP)

Financial services

Money

Expenditure

Banks and banking

Money supply

Revenue

Debts, Public

Public-private sector cooperation

Financial services industry

Kyrgyz Republic

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; RECENT DEVELOPMENTS; A. Context; B. Recent Developments; FIGURE; 1. Recent Economic Developments 2010-13; C. Program Implementation; D. Medium-Term Outlook and Risks; BOXES; 1. Spillovers from Russia; 2. Infrastructure Projects Over 2013-17; POLICY DISCUSSION; A. Fiscal Policy; B. Monetary Policy; C. Financial Sector Policies; 3. 2013 FSAP Update Recommendations; D. Structural Policies; PROGRAM AND OTHER ISSUES; STAFF APPRAISAL; TABLES; 1. Selected Social and Economic Indicators, 2011-18; 2. Balance of Payments, 2011-18; 3. NBKR Accounts, 2011-14; 4. Monetary Survey, 2011-14

5. General Government Finances, 2011-15 (in millions of soms)6. General Government Finances, 2011-15 (in percent of GDP); 7. State Government Finances, 2011-15 (in millions of soms); 8. State Government Finances, 2011-15 (in percent of GDP); 9. Social Fund Operations, 2011-15; 10. General Government Operations, GFSM 2001 Presentation, 2011-15; 11. Proposed Reviews and Disbursements Under the Three-Year Extended Credit Facility Arrangement; 12. Indicators of Capacity to Repay the Fund, 2013-18

13. Quantitative Performance Criteria and Indicative Targets Under the Extended Credit Facility, June 2012-June 201314. Structural Benchmarks under the Extended Credit Facility for 2013-14; ANNEX; I. Debt Sustainability Analysis Update; APPENDIX; I. Letter of Intent; Attachment I. Revised Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE ASIAN DEVELOPMENT BANK (ADB); RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD); TECHNICAL ASSISTANCE PROVIDED BY THE



FUND; STATISTICAL ISSUES

Sommario/riassunto

This paper focuses on the Kyrgyz Republic’s Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria. Growth was strong over the first nine months of 2013, and inflation has declined steadily. Intensive public investment programs and the decline in gold prices are putting temporary pressures on the current account. The medium-term outlook is broadly favorable, despite the slowdown in the region. System-wide financial stability indicators have been broadly sound. The IMF staff recommends completion of the fifth review and approval of the request for modification of the performance criteria for end-December 2013.