The Kyrgyz Republic: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria
EXECUTIVE SUMMARY Political context. The political environment has been broadly stable, albeit the ongoing dispute with gold company Centerra is creating tensions. In September, the government and Centerra signed a memorandum of understanding which stipulated the exchange of 33 percent of the government’s share in Centerra for a 50 percent stake in Kumtor.
Kyrgyz Republic and IMF: Letter of Intent, and Revised Technical Memorandum of Understanding
The following item is a Letter of Intent of the government of Kyrgyz Republic, which describes the policies that Kyrgyz Republic intends to implement in the context of its request for financial support from the IMF. The document, which is the property of Kyrgyz Republic, is being made available on the IMF website by agreement with the member as a service to users of the IMF website.
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111513.pdf
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111513.pdfMONTHLY UPDATE ON FOOD SECURITY AND PRICE IN RURAL AND URBAN AREAS - issue #18 November 2013
MONTHLY UPDATE ON FOOD SECURITY AND PRICE IN RURAL AND URBAN AREAS - issue #18 November 2013
EDB is taking part in the G20 Seoul Conference
Almaty, 19 December 2013. Sergey Shatalov, Deputy Chairman of the Management Board at Eurasian Development Bank (EDB), is taking part in the G20 Seoul Conference. One of the central issues on the forum’s agenda is the strengthening of dialogue and cooperation between Regional Financial Arrangements (RFAs) and between RFAs and the IMF.
Sergey Shatalov: Now, Kyrgyzstan Meets All EDB Requirements
Deputy Chairman of the EDB Management Board, ACF Manager, Sergey Shatalov spoke to VB about the status and prospects of Kyrgyzstan’s cooperation with Eurasian Development Bank and EurAsEC Anti-Crisis Fund (ACF).Sergey Shatalov: Only through Responsible Debt Management Policies, a Country Becomes a Magnet for Investments
At the end of last week, Deputy Chairman of the Management Board of Eurasian Development Bank (EDB) Sergey Shatalov arrived in Bishkek. In his capacity of the coordinator of the Bank’s activity in managing the resources of the EurAsEC Anti-Crisis Fund (ACF), the Deputy Chairman of the EDB Management Board met with a number of Kyrgyzstan’s senior officials. And right after the discussions, he talked to the K-News journalist. The editors are publishing the first part of the interview, in which Sergey Shatalov speaks about the projects that Kyrgyzstan plans to implement with credit resources of the Anti-Crisis Fund.Deputy Chairman of the EDB Management Board: Poverty Should not Be Associated Only with Problems
K-News is publishing the second part of the interview with Deputy Chairman of the Management Board of Eurasian Development Bank Sergey Shatalov, who has shared his views on the prospects of our Republic in the framework of the Customs Union (CU) and the ways to fight poverty.
Sergey Shatalov: Money Remittances of Kyrgyz Labour Migrants will Go down
The risk of a massive return of Kyrgyz labour migrants from the Russian Federation is not high. That is the opinion shared with K-News by Deputy Chairman of the EDB Management Board Sergey Shatalov.EBRD supports Kyrgyz food retail chain, NASH
The EBRD is supporting the expansion of the Kyrgyz small retail food chain, NASH, with a US$ 840,000 loan, which will partially finance the purchase of additional premises, trade and warehouse equipment and the construction of new facilities. The loan has been made under a joint EBRD-EU programmefor small business support.
IMF Executive Board Discusses Financial System Stability Assessment of the Kyrgyz Republic
On December 4, the Executive Board of the International Monetary Fund (IMF) discussed the Financial System Stability Assessment1 of the Kyrgyz Republic.
There is scope to further develop the Kyrgyz financial system, which would support growth and stability. The economy is largely cash based and financial services are limited, with low financial savings mobilization. With the exception of microcredit institutions, which have grown rapidly, the nonbank sector is not significant. Money markets are shallow, the interbank market is dormant, and weaknesses in the financial infrastructure hamper intermediation.