Reports and studies of development partners
Job creation is not keeping pace with the rapidly growing population. Kyrgyz Republic’s potential workforce is growing at about 2 percent per annum – faster than some of its neighbors in Europe and Central Asia. Fertility rates in Kyrgyz Republic have increased since 2000, from 2.4 to 3.2 in 2014. An estimated 50,000 new entrants join the labor market each year. By 2030, the working-age population is expected to reach around 4.6 million persons. Acknowledging the challenging economic and political environment in the Kyrgyz Republic, the report offers realistic policy recommendations for addressing some of the most critical issues to improving jobs outcomes in the short run while noting that some policies will take time to develop and implement.
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.
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.
