ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

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

| £7.13 | €8.18 | Ca$12.36 | Au$12.34
by International Monetary Fund. Midd Dept.
What is this?DRM-EPUB | by download   add to wish list
Kyrgyz Republic:Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report and Press Release by International Monetary Fund. Midd Dept.

KEY ISSUES Context. 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. In light of the challenges, the Kyrgyz authorities have requested a new 36-month ECF arrangement, with access equivalent to SDR 66.6 million (or 75 percent of quota). The program aims to support the authorities’ efforts to generate inclusive growth and reduce poverty through reducing macroeconomic vulnerabilities, achieving fiscal sustainability, supporting banking sector reforms, strengthening debt management, and encouraging structural reforms to expand the economy’s potential. The program would also help unlock support from official lenders and provide safeguards against adverse shocks. Program policies. Fiscal consolidation will pause in 2015 to accommodate external shocks, but will resume in 2016–17 to maintain public debt at sustainable levels. Public debt management will be strengthened through the preparation of a medium-term debt management strategy to be complemented by a review of the public investment framework. Monetary policy will be tighter to keep inflation under control. The exchange rate will continue to be flexible, with limited interventions to smooth volatility. Banking sector resilience will be strengthened through the introduction of macro-prudential measures and the adoption of a comprehensive Banking Code. Structural reforms will be stepped up to expand the economy’s potential. Staff views. Staff supports the authorities’ request for an ECF arrangement under a Fund-supported program. The LOI/MEFP provides an adequate set of policies to pursue the objectives of the Fund-supported program.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 745666

Ebook Details
Pages: 119
Size: 2.5 MB
Date published:   2015
ISBN: 9781484364031 (DRM-EPUB)

DRM Settings
Copying:not allowed
Printing:not allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Business & Economics > International > Economics

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Social Science
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Finance
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Law
Nonfiction > Law > Public
Nonfiction > Business & Economics > Labor
Nonfiction > Political Science > Public Policy > Social Security
Nonfiction > Business & Economics > Industries
Nonfiction > Business & Economics > Economics > Macroeconomics

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2017