Publication:
Kyrgyz Republic Economic Report, October 2013: Growth is Back, Headwinds Persist

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-02-14T15:11:47Z
dc.date.available2017-02-14T15:11:47Z
dc.date.issued2013-10
dc.description.abstractThis regular economic report records the economic activities of Kyrgyz Republic for the year 2013. The growth performance of the Kyrgyz Republic has been encouraging and largely in line with our forecasts from the Spring 2013 update. Real Gross domestic product (GDP) expanded by 8 percent in the first eight months of 2013 (year-on-year) driven by a recovery in gold production at the Kumtor mine. The non-gold economy also performed well, as strong private transfers from abroad and higher credit to the private sector fueled private consumption and investment. At the same time, the contribution of the public sector was more limited with government spending kept under control. Following a slow start, officially recorded exports have started to recover. Macroeconomic policies have been supportive of stability and stronger economic activity. The baseline scenario for 2014 remains optimistic, though headwinds have been gaining strength. The challenge to sustain high economic growth rates in the medium term is considerable. Monetary policy needs to be cautious to prevent the build-up of risks in the financial sector and limit inflationary pressures. Second, creation of a vibrant and competitive private sector will require significant upgrading of the country’s institutional, physical and human capital. A business environment characterized by efficient institutions, reliable infrastructure and highly-skilled labor will help realize the country’s growth potential and reduce poverty.en
dc.identifierhttp://documents.worldbank.org/curated/en/636731486548668310/Kyrgyz-Republic-growth-is-back-headwinds-persist
dc.identifier.doi10.1596/26059
dc.identifier.urihttps://hdl.handle.net/10986/26059
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectSOCIETY
dc.subjectSUSTAINABLE GROWTH
dc.subjectANALYSIS
dc.subjectFINANCE
dc.subjectPOLICY
dc.subjecteconomic outlook
dc.subjecttrade
dc.subjectlabor market
dc.subjectpoverty
dc.subjectfiscal policy
dc.subjectmonetary policy
dc.titleKyrgyz Republic Economic Report, October 2013en
dc.title.subtitleGrowth is Back, Headwinds Persisten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleKyrgyz Republic Economic Report, October 2013
okr.date.disclosure2017-02-08
okr.date.doiregistration2025-05-07T12:07:37.607201Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/636731486548668310/Kyrgyz-Republic-growth-is-back-headwinds-persist
okr.guid636731486548668310
okr.identifier.externaldocumentum090224b084917378_1_0
okr.identifier.internaldocumentum27171917
okr.identifier.report111920
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/636731486548668310/pdf/111920-WP-PUBLIC-ECSP1-9.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKyrgyz Republic
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Pro-Poor Growth
okr.unitF&M GP EAP - 1 - IBRD (GFM02)
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