Publication:
Kyrgyz Republic : Moderating Growth and a Challenging Outlook

Simple item page
dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-12-08T18:18:56Z
dc.date.available2014-12-08T18:18:56Z
dc.date.issued2014-10
dc.description.abstractPolitical developments at home and abroad have been prominent this year. Domestically, a new government was formed quickly after one of the coalition parties withdrew the support to Prime Minister Satylbaldiev in March, 2014. The new government, led by Prime Minister Djoomart Otorbayev, represents the same coalition of political parties providing continuity on most policies but also a fresh momentum for reforms in key sectors. The next round of parliamentary elections is scheduled for the autumn 2015. Internationally, the Kyrgyz Republic has made firm commitments towards accession to the Customs Union of Belarus, Kazakhstan and Russia while tensions have appeared in relations with some neighbors. Growth has slowed down significantly and we have revised our projection for real GDP growth to 3 percent for 2014 as a whole from the 4 percent we projected in April. Despite robust government investment and gold exports, economic activity has moderated as the slowdown in Russia, the winding down of operations at the Manas Transit Center and increased tensions in trade relations with neighbors are affecting remittances and non-gold exports. Economic activity has been further affected by the poor agriculture harvest while difficulties expected in ensuring stable energy supply in the winter may add a further drag on activity in the rest of the year. Fast growth rates in credit to the private sector and in construction are leveling off as businesses report a more difficult operating environment.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/20317273/kyrgyz-republic-moderating-growth-challenging-outlook
dc.identifier.doi10.1596/20673
dc.identifier.urihttps://hdl.handle.net/10986/20673
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesKyrgyz Republic economic report;no. 6
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVERSE IMPACT
dc.subjectAGRICULTURE
dc.subjectARREARS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBARLEY
dc.subjectBASIS POINTS
dc.subjectBROAD MONEY
dc.subjectBUDGET DEFICIT
dc.subjectBUFFERS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCASH HOLDINGS
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLIANCE COSTS
dc.subjectCONNECTIVITY
dc.subjectCONSOLIDATION
dc.subjectCONSUMERS
dc.subjectCONSUMPTION GROWTH
dc.subjectCORE INFLATION
dc.subjectCREATION OF JOBS
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT FACILITY
dc.subjectCREDIT GROWTH
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCUSTOMS DUTIES
dc.subjectCUSTOMS UNION
dc.subjectDEBT
dc.subjectDEBT FINANCING
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISBURSEMENTS
dc.subjectDISCOUNT RATE
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC SLOWDOWN
dc.subjectECONOMIC TRANSACTIONS
dc.subjectELASTICITY
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE POLICIES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT VOLUME
dc.subjectEXPORTERS
dc.subjectEXPOSURE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL DEFICIT
dc.subjectEXTERNAL DEMAND
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTREME POVERTY
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INFLOWS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET DEVELOPMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR INDICATORS
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL BALANCE
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFLOATING EXCHANGE RATE REGIME
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN INFLOWS
dc.subjectFOREIGN LOANS
dc.subjectFOREIGN TRADE
dc.subjectFRAUD
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGEOPOLITICAL TENSIONS
dc.subjectGOLD
dc.subjectGOLD PRICES
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMBALANCE
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVESTMENT LEVELS
dc.subjectINVESTMENT PROJECTS
dc.subjectISSUANCE
dc.subjectJOB CREATION
dc.subjectJUDICIAL REFORM
dc.subjectJURISDICTIONS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAW ENFORCEMENT
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOSS OF REVENUES
dc.subjectM2
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET EFFICIENCY
dc.subjectMARKET SHARE
dc.subjectMARKET SIZE
dc.subjectMETALS
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY CONDITIONS
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL BANK
dc.subjectNATURAL RESOURCE
dc.subjectNET CAPITAL
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectNON-PERFORMING LOANS
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectPENSION
dc.subjectPENSION REFORMS
dc.subjectPENSIONS
dc.subjectPOPULATION GROWTH
dc.subjectPORTFOLIO
dc.subjectPOVERTY REDUCTION
dc.subjectPREFERENTIAL ACCESS
dc.subjectPRICE CHANGES
dc.subjectPRICE INCREASES
dc.subjectPRICE STABILITY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SPENDING
dc.subjectPURCHASING POWER
dc.subjectRAPID CREDIT EXPANSION
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectRE-EXPORTS
dc.subjectREAL APPRECIATION
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXPORT
dc.subjectREAL GDP
dc.subjectREAL IMPORT
dc.subjectREAL WAGES
dc.subjectREGISTRY SYSTEMS
dc.subjectREGULATORY REFORM
dc.subjectREMITTANCES
dc.subjectREMUNERATION
dc.subjectRESERVE
dc.subjectRESERVE ACCUMULATION
dc.subjectRESERVE MONEY
dc.subjectRESERVES
dc.subjectRESOURCE MANAGEMENT
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectSECTOR REFORM
dc.subjectSECTOR REFORMS
dc.subjectSETTLEMENT
dc.subjectSHORTFALL
dc.subjectSLOWDOWN
dc.subjectSOCIAL FUND
dc.subjectSTRONG DEMAND
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUPPLY DISRUPTIONS
dc.subjectSURPLUS
dc.subjectTARIFF POLICIES
dc.subjectTARIFFS ON IMPORTS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX POLICY
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTOTAL EXPORTS
dc.subjectTRACK RECORD
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE FACILITATION
dc.subjectTRADE RELATIONS
dc.subjectTRADING
dc.subjectTRADING PARTNERS
dc.subjectTRANSBOUNDARY RIVER BASINS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATE
dc.subjectTREATY
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVOLATILITY
dc.subjectWAGE GROWTH
dc.subjectWEIGHTS
dc.subjectWHOLESALE MARKETS
dc.subjectWITHDRAWAL
dc.titleKyrgyz Republic : Moderating Growth and a Challenging Outlooken
dspace.entity.typePublication
okr.date.disclosure2014-10-23
okr.date.doiregistration2025-05-07T11:31:36.522039Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/20317273/kyrgyz-republic-moderating-growth-challenging-outlook
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid461251468046869359
okr.identifier.externaldocumentum000470435_20141023133856
okr.identifier.internaldocumentum20317273
okr.identifier.report91770
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/10/23/000470435_20141023133856/Rendered/PDF/917700NWP0Kyrg00Box385343B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKyrgyz Republic
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitMacro & Fiscal Mgmt - GP (GMFDR)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
917700NWP0Kyrg00Box385343B00PUBLIC0.pdf
Size:
4.06 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
917700NWP0Kyrg00Box385343B00PUBLIC0.txt
Size:
86.5 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling