The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper reviews economic developments in the Kyrgyz Republic during 1995-99. After having contracted by about 50 percent between 1992 and 1995, real GDP recovered strongly in 1996, with a growth rate of more than 7 percent. The main source behind this increase was a strong growth of the agricultural sector, which continued the following year, and, combined with the startup of the Kumtor gold mine, led to a real GDP growth rate of almost 10 percent in 1997. During 1998, growth slowed down to about 2 percent.