Kyrgyz Republic; 2004 Article IV Consultation and Request to Extend the PRGF Arrangement—Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kyrgyz Republic
The staff report for the combined 2004 Article IV Consultation on the Kyrgyz Republic highlights the economic developments and external policies. The Kyrgyz Republic’s good economic performance owes much to its macroeconomic policies. Fiscal consolidation has helped to stabilize external debt, particularly by containing the externally financed public investment program. The anticipated decline in gold exports calls for actions to diversify exports and preserve cost competitiveness through low inflation and structural reforms to boost productivity growth.
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