Kyrgyz Republic : Request for Disbursement under the Rapid Credit Facility-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic

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Kyrgyz Republic : Request for Disbursement under the Rapid Credit Facility-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic
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Volume/Issue:
2010/336
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
October 2010
DOI:
http://dx.doi.org/10.5089/9781455208579.002
ISBN:
9781455208579
ISSN:
1934-7685
Page:
88
The Kyrgyz government faces challenges of political turmoil and inter-ethnic flare-ups. The fiscal policy response to the economic crisis is appropriate, but there are limits to the expansion. The balances between revenue and expenditure choices as well as a shortfall in donor budget financing have to be maintained. Debt sustainability requires near and medium-term fiscal consolidation. Monetary policy has to support the post-crisis economic recovery while guarding against signs of exchange rate or inflation pressures. The emphasis on improving governance, transparency, and safeguards is commended.

Kyrgyz Republic: Request for Disbursement under the Rapid Credit Facility (RCF) Informational Annex

Author(s):
International Monetary Fund
Published Date:
October 2010
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