Middle East and Central Asia > Kyrgyz Republic

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International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper discusses governance challenges in the Kyrgyz Republic. This paper aims to assess various aspects of governance in the Kyrgyz Republic and identify some of the key challenges in this area. Governance reforms in the Kyrgyz Republic can leverage linkages to the global economy and structural transformation to deliver higher and more inclusive growth. Combating corruption and strengthening governance, including of state-owned enterprises and public finances, and improving the regulatory environment and the anti-corruption; and Anti-money Laundering and Combating Financial Terrorism (AML/CFT) framework, are critical steps to improve the business climate and promote private sector-led growth. Reforms in these areas have a significant potential to increase efficiency of allocation of public resources and the delivery of public services. The IMF’s analytical work has shown that governance reforms could raise the country’s growth rates by about 1.2 percentage points per year. Strengthening control of corruption and regulatory quality, reforming state-owned enterprises, and enhancing transparency and accountability of the public sector are important priorities to pursue.
International Monetary Fund. Middle East and Central Asia Dept.
The paper focuses on the workings of the Medium-Term Development Program (MTDP) of the Kyrgyz Republic. Raising living standards as well as taking measures for reducing poverty have been cited as the main priority areas of the strategy, and the measures to be undertaken to bring about improvements in these areas are highlighted. The report also throws light on the major objectives of MTDP’s three-year strategy during the period from 2012–14.
International Monetary Fund
This Joint Staff Advisory Note (JSAN) highlights the Poverty Reduction Strategy Paper–Country Development Strategy (PRSP–CDS) for the Kyrgyz Republic for 2007–10. The Kyrgyz authorities’ CDS for 2007–10 builds on the policy experience from the National Poverty Reduction Strategy (NPRS). This JSAN provides advice on key priorities for strengthening the strategy and promoting the effective implementation of CDS. It reviews poverty trends, macroeconomic and sectoral policies in support of the strategy, and the mechanisms for monitoring and evaluating progress.
International Monetary Fund
The attached Joint Staff Assessment (JSA) of the Poverty Reduction Strategy Paper Progress Report on the Kyrgyz Republic highlights the poverty diagnosis and macroeconomic framework. Poverty developments have been particularly encouraging in the rural areas, where the majority of Kyrgyzstan’s poor live, with a relatively larger reduction in the poverty level, and reductions in extreme poverty and expenditure inequality. The IMF staff welcomes the work initiated to improve costing and prioritization and poverty analysis.
Sarosh Sattar
and
Mr. Clinton R. Shiells

Abstract

The CIS-7 Initiative was launched in 2002 and endorsed by ministers from the CIS-7 and donor countries, with the objective of promoting poverty reduction, economic growth, and debt sustainability among the seven poorest countries of the Commonwealth of Independent States (CIS). This volume draws from the follow-up conference held in Lucerne, Switzerland, in January 2003. The objective of this conference was to achieve an understanding of the development agenda in the seven countries and the key policy measures to be taken by the governments and donors to improve future prospects for the countries’ populations.

Mr. Kadima D. Kalonji
,
Mr. Boileau Loko
,
Raj Nallari
, and
Mr. Montfort Mlachila
This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx