Publication:
Kyrgyz Republic Country Economic Memorandum

Simple item page
dc.contributor.authorMbowe, Appolenia
dc.contributor.authorDubashov, Bakyt
dc.contributor.authorGassner, Katharina
dc.contributor.authorFerrantino, Michael J.
dc.contributor.authorIslam, Roumeen
dc.contributor.authorSahovic, Tarik
dc.contributor.authorIzvorski, Ivailo
dc.date.accessioned2020-03-30T16:22:56Z
dc.date.available2020-03-30T16:22:56Z
dc.date.issued2020-03-26
dc.description.abstractThe Kyrgyz Republic has experienced modest and volatile economic expansion since the economy bottomed out from the transition recession in 1995, when GDP amounted to about half of its pre-independence levels. As a result of structural reforms at the start of transition, the emergence of remittances and commodity exports, largely gold, as powerful new drivers of growth, and improvements in the macroeconomic management in the recent decade, per-capita real GDP grew by 3.1 percent a year on average since 1995. The Kyrgyz Republic is now a lower middle-income economy, as it was in 1990. Economic expansion has benefitted from fixed investment that has risen to 31 percent of GDP, one of the highest in Europe and Central Asia and well-above the threshold of 25 percent reached by the group of successful countries studied by the Growth Commission in 2007. Lower fiscal deficits and low inflation indicate the success of recent macroeconomic policies. These achievements notwithstanding, Kyrgyz Republic’s growth and productivity performance has lagged most relevant comparators, frustrating the needs of the poor and the young. As a result, while per-capita GDP in constant prices has doubled since 1995, it has still not caught up with pre-independence levels. Per-capita incomes in the Kyrgyz Republic have increased by 20 percent less than the average of lower middle-income countries since 2000 and 40 percent less than the average for the Caucasus and Central Asia. Productivity increases – proxied by changes in total factor productivity, have averaged half a percent since 2000, leaving largely factor accumulation as the driver of economic growth. And while ‘Productivity isn’t everything, but in the long run it is almost everything’, highlighting one of the main challenges of the country’s current growth model.3 Poverty has declined, but modest growth has made a modest dent, leaving the poverty rate as high as 31 percent, with a substantial part of the population living in regions with more limited and lower quality government services than in Bishkek.en
dc.identifierhttp://documents.worldbank.org/curated/en/679681585289928309/Kyrgyz-Republic-Country-Economic-Memorandum
dc.identifier.doi10.1596/33494
dc.identifier.urihttps://hdl.handle.net/10986/33494
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.subjectECONOMIC GROWTH
dc.subjectMACROECONOMIC POLICY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectTRADE POLICY
dc.subjectENERGY POLICY
dc.subjectPOVERTY ALLEVIATION
dc.subjectYOUTH EMPLOYMENT
dc.subjectGOVERNANCE
dc.subjectINCLUSIVE GROWTH
dc.subjectPUBLIC SECTOR REFORM
dc.subjectFOREIGN AID
dc.subjectDEBT FORGIVENESS
dc.subjectVOLATILITY
dc.subjectINSTITUTIONS
dc.titleKyrgyz Republic Country Economic Memorandumen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleKyrgyz Republic Country Economic Memorandum
okr.date.disclosure2020-03-27
okr.date.doiregistration2025-04-07T08:15:02.520110Z
okr.date.doiregistration2025-04-08T16:06:40.304568Z
okr.date.doiregistration2025-04-09T02:47:31.405552Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.docurlhttp://documents.worldbank.org/curated/en/679681585289928309/Kyrgyz-Republic-Country-Economic-Memorandum
okr.guid300401586800763734
okr.guid679681585289928309
okr.identifier.doi10.1596/33494
okr.identifier.externaldocumentum090224b087c30194_2_0
okr.identifier.internaldocumentum31900715
okr.identifier.report147112
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/679681585289928309/pdf/Kyrgyz-Republic-Country-Economic-Memorandum.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKyrgyz Republic
okr.topicEnergy::Energy Policies & Economics
okr.topicInternational Economics and Trade::Export Competitiveness
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::Employment and Shared Growth
okr.topicPrivate Sector Development::Enterprise Development & Reform
okr.unitEFI-ECA-MTI-MacroFiscal-1 (EECM1)
relation.isAuthorOfPublication1c6a6184-37da-4d0b-a30a-a4779e7c6fea
relation.isAuthorOfPublication.latestForDiscovery1c6a6184-37da-4d0b-a30a-a4779e7c6fea
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Main-Report.pdf
Size:
2.82 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Main-Report.txt
Size:
330.11 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
Country Economic Memorandum