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Loan from EBRD and grants from EU and World Bank will fund water supply and wastewater improvements in the city where water borne disease is rampant

Domestic policies will be key to longer-term outlook

A recovery this year in the regions where the EBRD invests is expected to be slow, despite improvements in the world’s most advanced economies, including in the United States and the Eurozone.

BISHKEK, KYRGYZ REPUBLIC (17 January 2014) – The Asian Development Bank (ADB) and the Kyrgyz government have signed a financing agreement for the implementation of the reconstruction of a section of the Bishkek-Osh road that will strengthen national and regional connectivity and promote inclusive growth.

The Steering Committee of the Vienna 2 Initiative met on January 13, 2014 in Vienna to discuss the Initiative’s priorities for 2014. At the meeting, hosted and chaired by Raiffeisen Bank International, the following five priorities for the Vienna Initiative were agreed:...

Bank project numbers remain close to historic records. The European Bank for Reconstruction and Development provided strong support to emerging economies in 2013 to help them back to a path of recovery, despite a difficult investment environment.

 

Staff Report for the fifth review under the Extended Credit Facility, prepared by a staff team of the IMF, following discussions that ended on September 25, 2013, with the officials of Kyrgyz Republic on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on November 15, 2013. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. 

IMF Country report - December 2013

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.

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.

Download document 111513.pdf