The political transition has increased the focus on social conditions and regional and rural development. Growth has been buoyed by new spending, retail credit, and oil and gas investments. Inflation has picked up, and the current account has deteriorated. Renewed fiscal consolidation is planned...

A moderate economic recovery is underway, driven by higher gold production, remittances, and growth in key trading partners. The recent tightening of controls on the border with Kazakhstan will have some limited impact on the economy this year but could weaken trade and growth substantially if...

Recovery is gaining strength, while inflation has been declining and the tenge has continued to float. Export growth-driven by oil, metals, and mining-has reduced the current account deficit. State support to banks led to a higher fiscal deficit in 2017, although there was underlying adjustment....

This paper discusses Kyrgyz Republic's Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility. The COVID-19 pandemic has been hitting the Kyrgyz economy very hard and created an urgent balance of payments need. All sectors are being impacted...

The outbreak of the COVID-19 pandemic has weakened the macroeconomic outlook. The authorities have launched a health care contingency plan and an initial package of economic measures, together totaling USD 31 million (0.4 percent of GDP), and are preparing a second, larger package of economic...

A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia, and the path to recovery in 2021 is expected to be long and divergent. The outlook will vary significantly across countries, depending on the pandemic's...

Given its bulging working-age population, creating more and better jobs is the country's overarching priority. Uzbekistan has already implemented a first wave of important economic reforms, including foreign exchange liberalization, tax reform, and a major upgrade in statistics. Faced with a...

Совокупное воздействие глобальных неблагоприятных факторов, внутренних проблем и геополитических рисков в странах Ближнего Востока и Центральной Азии...