Kyrgyz Republic : 2021 Article IV Consultation-Press Release; and Staff Report.
The Kyrgyz economy is highly dependent on remittances and foreign aid and does not have access to international capital markets. Inequality is relatively low, but poverty is widespread. The COVID crisis led to a sharp recession with output contracting by 8.6 percent in 2020, public debt rising by 16...
|a International Monetary Fund.
|b Middle East and Central Asia Dept.
245
1
0
|a Kyrgyz Republic :
|b 2021 Article IV Consultation-Press Release; and Staff Report.
264
1
|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
300
|a 1 online resource (89 pages)
490
1
|a IMF Staff Country Reports
500
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
500
|a <strong>On-Campus Access:</strong> No User ID or Password Required
506
|a Electronic access restricted to authorized BRAC University faculty, staff and students
520
3
|a The Kyrgyz economy is highly dependent on remittances and foreign aid and does not have access to international capital markets. Inequality is relatively low, but poverty is widespread. The COVID crisis led to a sharp recession with output contracting by 8.6 percent in 2020, public debt rising by 16.5 percent of GDP to 68 percent, and the som depreciating by 19 percent against the USD . Under the assumption that the global pandemic begins to decisively recede this year, a rebound in growth is expected in 2021-22. However, significant uncertainty surrounds the baseline outlook and the recovery could be delayed if downside risks materialize. In the medium to long term, the main challenge is to create jobs for about 65,000 new jobseekers annually and to reduce labor out-migration. This will require deep structural reforms to transform the economy from a reliance on remittances to more diversified and private sector-led growth that is underpinned by higher investment and exports.
538
|a Mode of access: Internet
650
7
|a International Agreements
|2 imf
650
7
|a International Organizations
|2 imf
650
7
|a Monetary Policy
|2 imf
650
7
|a Observance
|2 imf
651
7
|a Kyrgyz Republic
|2 imf
830
0
|a IMF Staff Country Reports; Country Report ;
|v No. 2021/174
856
4
0
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2021/174/002.2021.issue-174-en.xml
|z IMF e-Library