Kyrgyz Republic: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion
Volume/Issue:
Volume 2004
Issue 016
Publication date: January 2004
ISBN: 9781451821369
$20.00
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Topics covered in this book
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Business and Economics , Political Science , Exports and Imports , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , Kyrgyz authorities , Kyrgyzstan , authority , Three-Year PRGF arrangement , depreciation of the nominal exchange rate , fourth quarter benchmark , PRGF loan , Currencies , Central Asia
Summary
The Kyrgyz Republic has made good progress under the Poverty Reduction Growth Facility (PRGF)-supported economic program. Executive Directors commended the sound policies, low inflation, and poverty reduction. They appreciated the strong fiscal discipline, and monetary and exchange rate policies. They emphasized the need to accelerate structural reforms, strengthen the financial system, and restructure the electricity sector. They stressed the need to reduce corruption and improve governance so as to promote investment and growth. They congratulated authorities for the successful implementation of the second PRGF, and granted a waiver.
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