KYRGYZ REPUBLIC FOURTH AND FIFTH REVIEWS UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY
On December 15, 2017, the Executive Board of the International Monetary Fund (IMF) completed the fourth and fifth reviews of the Kyrgyz Republic’s economic performance under the three-year Extended Credit Facility (ECF) arrangement. The Board’s completion of the reviews enables the immediate disbursement of an amount equivalent to SDR 19.028 million (about US$26.9 million). This would bring total disbursements under the arrangement to an amount equivalent to SDR 57.084 million (about US$80.7 million). “The Kyrgyz economy is showing welcoming signs of recovery as the external environment is gradually improving. While significant risks remain, debt and financial sector vulnerabilities have subsided. The authorities are committed to prudent macroeconomic policies and implementation of structural reforms, and see them as essential to promoting higher and more inclusive growth and to increase economic resiliency.
KYRGYZ REPUBLIC THIRD REVIEW UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY
On December 14, 2016, the Executive Board of the International Monetary Fund (IMF) completed the third review of the Kyrgyz Republic’s economic performance under the threeyear Extended Credit Facility (ECF) arrangement. The Board’s approval enables the immediate disbursement of SDR 9.514 million (about US$12.9 million). This would bring total disbursements under the arrangement to SDR 38.056 million (about US$51.5 million). The ECF arrangement for SDR 66.6 million (about US$92.4 million) was approved on April 8, 2015. “While pressures on the economy are moderating, the near–term outlook remains challenging. A subdued external environment and weak domestic demand are constraining growth prospects. Debt and financial sector vulnerabilities remain elevated.
KYRGYZ REPUBLIC SECOND REVIEW UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY
On June 17, 2016, the Executive Board of the International Monetary Fund (IMF) completed the second review of the Kyrgyz Republic’s economic performance under the three-year Extended Credit Facility (ECF) arrangement. The Board’s approval enables the immediate disbursement of SDR 9.514 million (about US$13.4 million). This would bring total disbursements under the arrangement to SDR 28.542 million (about US$40.3 million). “The Kyrgyz authorities have been able to maintain their Fund-supported program broadly on track despite persistent external shocks, including lower commodity prices as well as weaker growth and currencies in trading partners.
KYRGYZ REPUBLIC STAFF REPORT FOR THE 2015 ARTICLE IV CONSULTATION AND FIRST REVIEW UNDER THE THREE-YEAR ARRANGEMENT
On December 4, 2015, the Executive Board of the International Monetary Fund (IMF) completed the first review of the Kyrgyz Republic’s economic performance under the three-year arrangement under the Extended Credit Facility (ECF). The Board’s approval enables the immediate disbursement of SDR 9.5 million (about US$13.2 million). This would bring total disbursements under the arrangement to SDR 19 million (about US$26.4 million). “The Kyrgyz authorities have managed successfully to keep the program largely on track despite that the economy continues to face adverse external and domestic shocks. The economic slowdown, currency depreciations in the region, and falling gold prices and remittances have reduced economic growth, worsened external and fiscal balances, and weakened debt sustainability. Budgetary slippages linked to the October elections have also weakened the fiscal situation.
USAID/Kyrgyz Republic Newsletter - February 2019
USAID/Kyrgyz Republic Newsletter - February 2019- February 2019
The Devils’ Dance wins the 2019 EBRD Literature Prize
The Devils’ Dance, a novel by Hamid Ismailov and translated from Uzbek by Donald Rayfield (with John Farndon) has won the 2019 EBRD Literature Prize. It is the first novel translated from Uzbek into English.
Francophonie week 2019 in Bishkek
The French Alliance in Bishkek, jointly with the Embassies of France, Switzerland, Belgium and the Delegation of the European Union are happy to announce the week of the Francophonie, which will be held from March 11 to 16, 2019 in Bishkek.
Is there a Place for Law Students within the State-Guaranteed Legal Aid System?
Bishkek, March 4, 2019. The Association of Legal Clinics of Kyrgyzstan, in partnership with the Center for Coordination of State-Guaranteed Legal Aid under the Ministry of Justice (FLA Coordination Center), will hold a roundtable to discuss the development of legal clinics and strengthening the mechanisms of interaction between the state-guaranteed legal aid entities. The event will take place from 14.00 to 17.00 in the Bridges Hotel at 10 Kalyk Akiev St.
Ministry of Justice Collaborates with Civil Society to Improve Legal Aid
Bishkek. The Center for Coordination of State-guaranteed Legal Aid under the Ministry of Justice will hold its regular meeting with representatives of more than 40 civil society organizations and university legal clinics. The main goal of the meeting is to improve interaction in order to more effectively provide legal assistance and ensure access to justice in the Kyrgyz Republic. The meeting will be held on February 21, 2019, from 9.00 to 13.00 in the Park Hotel at 87 Orozbekov St.
USAID/Kyrgyz Republic Newsletter - January 2019
USAID/Kyrgyz Republic Newsletter - January 2019- January 2019