Information resource on donors activities
in the Kyrgyz Republic

Jobs in the Kyrgyz Republic

Agency: World Bank
Sector: Reports and studies

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.

Jobs in the Kyrgyz Republic 

KYRGYZ REPUBLIC FOURTH AND FIFTH REVIEWS UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY

Agency: IMF
Sector: Reports and studies

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. 

IMF Country Report No. 18/53

KYRGYZ REPUBLIC THIRD REVIEW UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY

Agency: IMF
Sector: Reports and studies

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.

IMF Country Report No. 17/143

KYRGYZ REPUBLIC SECOND REVIEW UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY

Agency: IMF
Sector: Reports and studies

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.

IMF Country Report No. 16/186

KYRGYZ REPUBLIC STAFF REPORT FOR THE 2015 ARTICLE IV CONSULTATION AND FIRST REVIEW UNDER THE THREE-YEAR ARRANGEMENT

Agency: IMF
Sector: Reports and studies

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.

IMF Country Report No. 16/55

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 

IMF POLICY PAPER: REPORT ON FISCAL SAFEGUARDS PILOTS

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