Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund, issuing body.
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| ISBN: | 1498324193
9781498324199
9781498324199
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| Notes: | Online resource; title from PDF title page (IMF, viewed September 29, 2020).
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| Summary: | The economy is growing steadily, benefiting from a benign regional environment, particularly in Russia, the source of most remittances and non-gold export receipts. Low inflation, lower fiscal deficits, and a stable banking sector point to the success of stabilization policies implemented by the government and National Bank of the Kyrgyz Republic (NBKR, the central bank) under eight successive Fund-supported programs. However, the economy remains vulnerable to external shocks because of the high level of remittances (29 percent of GDP), the concentration of exports on gold (37 percent of exports of goods), the level and composition of the public debt (56 percent of GDP, 4/5 of which is denominated in foreign currency), and the level of the current account deficit (8.7 percent of GDP). In addition, economic growth has been insufficient to significantly raise living standards and continue to reduce poverty.
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| Other form: | Print Version: Kyrgyz Republic: 2019 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2019 9781498324199
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| Standard no.: | 10.5089/9781498324199.002
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