Reports and studies

Kyrgyz Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report

Agency: IMF
Sector: Reports and studies
Performance under the previous Extended Credit Facility (ECF) arrangement, which expired last July, was good. Macroeconomic stability was restored, fiscal consolidation was stronger than planned, monetary policy was enhanced through a new interest rate-based framework, and supervision was strengthened in the financial sector. Nevertheless, the economy is facing challenges: (i) a weak regional economic environment, (ii) some key reforms have yet to be implemented, particularly in PFM and the banking sector, and (iii) a higher public debt due to the materialization of an ambitious investment program. Accession to the Eurasian Economic Union (EEU) is expected to take effect in May, and parliamentary elections are slated for late 2015. Program objectives. 
pdfIMF Country Report No. 15/113

Economic Report KR - WB

Agency: WB
Sector: Reports and studies
Medium term growth is expected to moderate to 5 percent, however, a number of risks remain. The
exceptional performance of gold output in 2013 is unlikely to be repeated in 2014. The rest of the economy is
expected to continue expanding at 5–6 percent. A slowdown in the Russian economy, declining gold prices,
and uncertainty created by the recent fluctuations in the exchange rate could adversely affect this outcome.
pdfEconomic Report KR - World Bank 


Agency: IMF
Sector: Reports and studies
This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013. The exercise was launched following an independent review of the existing safeguards policy in 2010 in which many Directors encouraged staff to highlight fiscal safeguards risks in cases where a substantial portion of the resources provided by the Fund for balance of payments support is channeled to state treasuries for budget purposes. Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.

Evaluation Reports on Applications of Kyrgyz Republic for Investment Loans

Agency: ACF
Sector: Reports and studies
The EurAsEC Anti-Crisis Fund has published Evaluation Reports on Applications of Kyrgyz Republic for Investment Loans financed with Resources of the Fund for two projects – “Rehabilitation of Bishkek-Osh Road Section, Phase IV”, in the amount of US$ 60 million, and “Funding of Farming Machinery Supplies to Kyrgyz Republic”, in the amount of US$ 20 million.

IMF Country Report December 2013

Agency: IMF
Sector: Reports and studies
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. 

pdfIMF Country report - December 2013

Kyrgyz Republic and IMF: Letter of Intent, and Revised Technical Memorandum of Understanding

Agency: IMF
Sector: Reports and studies
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 pdf111513.pdf

Post Joint Conference Document

Agency: DPCC
Sector: Reports and studies
The Conference has taken stock of the progress made in the three years since 2010; confirmed the commitment of donors and government to a sustained partnership based on mutual trust, accountability and openness in policy discussions; identified the critical challenges facing the country and agreed on key priorities for cooperation during 2013-2017.
pdfHLDC Post-Conference.pdf

Country Partnership Strategy

Agency: ADB
Sector: Reports and studies
This Country Partnership Strategy defines ADB's strategic approach in the Kyrgyz Republic for 2013-2017, aligned with Strategy 2020, the country's own development strategy, and ADB's comparative strengths, and complement efforts by its development partners.

pdfCountry Partnership Strategy

Joint Declaration at the close of the High Level Development Conference

Agency: GovKR - DPCC
Sector: Strategies and programmes
The objectives of the Conference were to review the activities and the programmes implemented by the Development Partners since the July 2010 High Level Donors Meeting, to identify priority domains for joint action and to agree on a framework for future engagement with a corresponding set of measures that will ensure sustained, broadbased development.

pdfJoint Declaration at the close of the High Level Development Conference

Joint Conference Document

Agency: GovKR - DPCC
Sector: Strategies and programmes
Three years after the political and economic turmoil of 2010, it is appropriate to reflect upon the Kyrgyz Republic's transition from post-crisis recovery to sustained development. In September 2012, therefore, the Government of the Kyrgyz Republic and its International Development Partners undertook to organize a High Level Development Conference in 2013 in order to review the achievements of 2010-13 and to establish future priorities.

pdfJoint Conference Document

Trade, Trade Policy and Export opportunities

Agency: EU
Sector: Reports and studies
During the last 20 years, the Kyrgyz Republic has witnessed important political, social and economic changes. Moving from a planned to a market oriented economy has not been free of costs yet the Kyrgyz Republic has managed to restore its economic growth prospects. This, in a backdrop of i) important fluctuations in international commodity prices affecting, in particular, the price of gold; and ii) a big trade liberalisation push.

pdfTrade, Trade Policy and Export opportunities

Kyrgyz Republic: IMF Report

Agency: IMF
Sector: Finance
The government of the Kyrgyz Republic is determined to consolidate its finances over the coming years. Therefore, continued strong revenue performance is important. In the short term, introduced tax policy measures and continued tax administration reforms are expected to ensure sufficient revenue. In the medium term, additional tax policy measures, including eliminating some tax incentives, will have to be put in place to ensure sustained revenue growth needed to finance development.

pdfKyrgyz Republic: IMF Report