Kyrgyz Republic : Staff Report for the 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion

International Monetary Fund

doi:10.5089/9781451821352.002

Kyrgyz Republic : Staff Report for the 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion

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Journal Issue

Volume/Issue:: 2003/51
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: March 2003
DOI:: http://dx.doi.org/10.5089/9781451821352.002
ISBN:: 9781451821352
ISSN:: 1934-7685
Page:: 102

This paper examines the Kyrgyz Republic's 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criterion. All performance criteria but one were observed for the period under review (April 1, 2002-September 30, 2002). The end-September targets on net international reserves and net domestic assets were met with wide margins. The fiscal deficit was within the program limit, despite the shortfall in revenues owing to the decline in real GDP. The target on tax collection was met thanks to improved tax administration.

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Kyrgyz Republic: 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director of the Kyrgyz Republic