Publication:
Kyrgyz Republic Sytematic Country Diagnostic: From Vulnerability to Prosperity

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2018-09-27T21:32:31Z
dc.date.available2018-09-27T21:32:31Z
dc.date.issued2018-09-18
dc.description.abstractThe purpose of this Systematic Country Diagnostic is to identify the main constraints and opportunities the Kyrgyz Republic faces in continuing to progress towards the World Bank Group’s twin goals. It analyzes trends and drivers of growth, poverty reduction, and income distribution, as well as the policies that underpin them, while assessing the elements constraining more rapid progress and sustainability. The main conclusions of this analysis are as follows: Growth has been driven by an ad hoc, opportunistic adaptation to constraints; These adaptations, which included (1) exporting migrant labor, with remittances fueling growth in domestic consumption and services; (2) exploiting the gold extracted from one major mine;1 and (3) leveraging import-re-export bazaar trade, helped sustain growth, while being far from first-best, deliberate, and policy-guided long-term solutions. This ‘growth model’ led to significant welfare gains, as it rode on the back of the commodity super-cycle. But its lack of coherence in addressing key constraints has implied that vulnerabilities remain widespread. In short, the country now needs a new development model to (i) tackle the sources of low overall productivity—a critical source of sustainable dynamism—and (ii) unleash private investment and job creation, given the limited options for public spending and redistribution. This will require a three-pronged approach to (1) address cross-cutting constraints to private sector development, (2) promote conducive policies in areas where the country has significant unexploited endowments (especially minerals and hydropower), and (3) foster greater sustainability, including by maximizing the efficiency of public policies. This will also require a fundamental departure from haphazard policy making, whereby macro-fiscal policies have failed to support greater poverty reduction and resilience, and weak governance has undermined the effectiveness of reforms.en
dc.identifierhttp://documents.worldbank.org/curated/en/516141537548690118/Kyrgyz-Republic-From-Vulnerability-to-Prosperity-Systematic-Country-Diagnostic
dc.identifier.doi10.1596/30462
dc.identifier.urihttps://hdl.handle.net/10986/30462
dc.languageEnglish
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.subjectDEVELOPMENT AGENDA
dc.subjectCOMMODITIES
dc.subjectTWIN GOALS
dc.subjectECONOMIC GROWTH
dc.subjectSHARED PROSPERITY
dc.subjectPOVERTY REDUCTION
dc.subjectINCLUSIVE GROWTH
dc.subjectSUSTAINABILITY
dc.subjectPRIVATE INVESTMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectINFRASTRUCTURE
dc.subjectFISCAL POLICY
dc.subjectENVIRONMENTAL SUSTAINABILITY
dc.subjectRESILIENCE
dc.subjectAGRICULTURE
dc.subjectENERGY
dc.subjectMINING
dc.subjectPRIORITIES
dc.titleKyrgyz Republic Sytematic Country Diagnosticen
dc.title.subtitleFrom Vulnerability to Prosperityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleKyrgyz Republic Sytematic Country Diagnostic
okr.date.disclosure2018-09-21
okr.doctypeSystematic Country Diagnostic
okr.docurlhttp://documents.worldbank.org/curated/en/516141537548690118/Kyrgyz-Republic-From-Vulnerability-to-Prosperity-Systematic-Country-Diagnostic
okr.guid530371542660732945
okr.guid516141537548690118
okr.identifier.doi10.1596/30462
okr.identifier.externaldocumentum090224b08616a23e_1_0
okr.identifier.internaldocumentum30440208
okr.identifier.report129911
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/516141537548690118/pdf/Kyrgyz-Republic-SCD-English-Final-August-31-2018-09182018.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKyrgyz Republic
okr.topicEnvironment::Environmental Economics & Policies
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::Inequality
okr.unitCentral Asia Country Unit (ECCCA)
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