Kyrgyz Republic : Moderating Growth and a Challenging Outlook

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank Group
dc.date.accessioned
2014-12-08T18:18:56Z
dc.date.available
2014-12-08T18:18:56Z
dc.date.issued
2014-10
dc.description.abstract
Political 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.identifier
http://documents.worldbank.org/curated/en/2014/01/20317273/kyrgyz-republic-moderating-growth-challenging-outlook
dc.identifier.uri
http://hdl.handle.net/10986/20673
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.relation.ispartofseries
Kyrgyz Republic economic report;no. 6
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
ADVERSE IMPACT
dc.subject
AGRICULTURE
dc.subject
ARREARS
dc.subject
BALANCE OF PAYMENTS
dc.subject
BANKING SECTOR
dc.subject
BARLEY
dc.subject
BASIS POINTS
dc.subject
BROAD MONEY
dc.subject
BUDGET DEFICIT
dc.subject
BUFFERS
dc.subject
BUSINESS ENVIRONMENT
dc.subject
CAPACITY CONSTRAINTS
dc.subject
CAPITAL ADEQUACY
dc.subject
CASH HOLDINGS
dc.subject
CENTRAL BANK
dc.subject
COMMERCIAL BANKS
dc.subject
COMMODITY
dc.subject
COMMODITY EXPORTS
dc.subject
COMMODITY PRICES
dc.subject
COMPETITIVENESS
dc.subject
COMPLIANCE COSTS
dc.subject
CONNECTIVITY
dc.subject
CONSOLIDATION
dc.subject
CONSUMERS
dc.subject
CONSUMPTION GROWTH
dc.subject
CORE INFLATION
dc.subject
CREATION OF JOBS
dc.subject
CREDIT EXPANSION
dc.subject
CREDIT FACILITY
dc.subject
CREDIT GROWTH
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
CUSTOMS DUTIES
dc.subject
CUSTOMS UNION
dc.subject
DEBT
dc.subject
DEBT FINANCING
dc.subject
DEMAND FOR CREDIT
dc.subject
DEPOSIT
dc.subject
DEPOSITS
dc.subject
DEPRECIATION
dc.subject
DEVALUATION
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT PROJECTS
dc.subject
DEVELOPMENT STRATEGY
dc.subject
DISBURSEMENTS
dc.subject
DISCOUNT RATE
dc.subject
DISPOSABLE INCOME
dc.subject
DOMESTIC DEMAND
dc.subject
DOMESTIC PRICES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC OUTLOOK
dc.subject
ECONOMIC SLOWDOWN
dc.subject
ECONOMIC TRANSACTIONS
dc.subject
ELASTICITY
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE POLICIES
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT VOLUME
dc.subject
EXPORTERS
dc.subject
EXPOSURE
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL DEFICIT
dc.subject
EXTERNAL DEMAND
dc.subject
EXTERNAL SHOCKS
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EXTREME POVERTY
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FINANCIAL FLOWS
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FINANCIAL INFLOWS
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKET DEVELOPMENT
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SECTOR INDICATORS
dc.subject
FINANCIAL SERVICES
dc.subject
FISCAL BALANCE
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICY
dc.subject
FLOATING EXCHANGE RATE
dc.subject
FLOATING EXCHANGE RATE REGIME
dc.subject
FOOD PRICE
dc.subject
FOOD PRICES
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE MARKET
dc.subject
FOREIGN INFLOWS
dc.subject
FOREIGN LOANS
dc.subject
FOREIGN TRADE
dc.subject
FRAUD
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GEOPOLITICAL TENSIONS
dc.subject
GOLD
dc.subject
GOLD PRICES
dc.subject
GOVERNMENT BORROWING
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT INVESTMENT
dc.subject
GOVERNMENT POLICY
dc.subject
GOVERNMENT SPENDING
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN DEVELOPMENT
dc.subject
IMBALANCE
dc.subject
IMPORT
dc.subject
IMPORTS
dc.subject
INCOME TAX
dc.subject
INFLATION
dc.subject
INFLATIONARY PRESSURES
dc.subject
INSURANCE
dc.subject
INTEREST RATE
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL PRICES
dc.subject
INTERNATIONAL RESERVES
dc.subject
INVESTMENT LEVELS
dc.subject
INVESTMENT PROJECTS
dc.subject
ISSUANCE
dc.subject
JOB CREATION
dc.subject
JUDICIAL REFORM
dc.subject
JURISDICTIONS
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MARKETS
dc.subject
LAW ENFORCEMENT
dc.subject
LIQUIDITY
dc.subject
LOAN
dc.subject
LOSS OF REVENUES
dc.subject
M2
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET ACCESS
dc.subject
MARKET DEVELOPMENT
dc.subject
MARKET EFFICIENCY
dc.subject
MARKET SHARE
dc.subject
MARKET SIZE
dc.subject
METALS
dc.subject
MONETARY AGGREGATES
dc.subject
MONETARY CONDITIONS
dc.subject
MONETARY POLICY
dc.subject
MONEY SUPPLY
dc.subject
NATIONAL BANK
dc.subject
NATURAL RESOURCE
dc.subject
NET CAPITAL
dc.subject
NOMINAL EXCHANGE RATE
dc.subject
NON-PERFORMING LOANS
dc.subject
OIL
dc.subject
OIL PRICES
dc.subject
OUTPUT
dc.subject
PENSION
dc.subject
PENSION REFORMS
dc.subject
PENSIONS
dc.subject
POPULATION GROWTH
dc.subject
PORTFOLIO
dc.subject
POVERTY REDUCTION
dc.subject
PREFERENTIAL ACCESS
dc.subject
PRICE CHANGES
dc.subject
PRICE INCREASES
dc.subject
PRICE STABILITY
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
PRODUCERS
dc.subject
PRODUCTION COSTS
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC EXPENDITURE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC SPENDING
dc.subject
PURCHASING POWER
dc.subject
RAPID CREDIT EXPANSION
dc.subject
RAPID EXPANSION
dc.subject
RAPID GROWTH
dc.subject
RE-EXPORTS
dc.subject
REAL APPRECIATION
dc.subject
REAL EFFECTIVE EXCHANGE RATE
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL EXPORT
dc.subject
REAL GDP
dc.subject
REAL IMPORT
dc.subject
REAL WAGES
dc.subject
REGISTRY SYSTEMS
dc.subject
REGULATORY REFORM
dc.subject
REMITTANCES
dc.subject
REMUNERATION
dc.subject
RESERVE
dc.subject
RESERVE ACCUMULATION
dc.subject
RESERVE MONEY
dc.subject
RESERVES
dc.subject
RESOURCE MANAGEMENT
dc.subject
RETURN
dc.subject
RETURN ON ASSETS
dc.subject
SECTOR REFORM
dc.subject
SECTOR REFORMS
dc.subject
SETTLEMENT
dc.subject
SHORTFALL
dc.subject
SLOWDOWN
dc.subject
SOCIAL FUND
dc.subject
STRONG DEMAND
dc.subject
STRUCTURAL REFORMS
dc.subject
SUPPLY DISRUPTIONS
dc.subject
SURPLUS
dc.subject
TARIFF POLICIES
dc.subject
TARIFFS ON IMPORTS
dc.subject
TAX
dc.subject
TAX COLLECTION
dc.subject
TAX POLICY
dc.subject
TAX RATES
dc.subject
TAX REVENUES
dc.subject
TAXATION
dc.subject
TELECOMMUNICATIONS
dc.subject
TERMS OF TRADE
dc.subject
TOTAL EXPORTS
dc.subject
TRACK RECORD
dc.subject
TRADE BALANCE
dc.subject
TRADE DEFICIT
dc.subject
TRADE FACILITATION
dc.subject
TRADE RELATIONS
dc.subject
TRADING
dc.subject
TRADING PARTNERS
dc.subject
TRANSBOUNDARY RIVER BASINS
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
TREASURY BILL
dc.subject
TREASURY BILL RATE
dc.subject
TREATY
dc.subject
UNCERTAINTY
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT RATE
dc.subject
VOLATILITY
dc.subject
WAGE GROWTH
dc.subject
WEIGHTS
dc.subject
WHOLESALE MARKETS
dc.subject
WITHDRAWAL
dc.title
Kyrgyz Republic : Moderating Growth and a Challenging Outlook
en
okr.date.disclosure
2014-10-23
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.docurl
http://documents.worldbank.org/curated/en/2014/01/20317273/kyrgyz-republic-moderating-growth-challenging-outlook
okr.globalpractice
Macroeconomics and Fiscal Management
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000470435_20141023133856
okr.identifier.internaldocumentum
20317273
okr.identifier.report
91770
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/10/23/000470435_20141023133856/Rendered/PDF/917700NWP0Kyrg00Box385343B00PUBLIC0.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Kyrgyz Republic
okr.topic
Environmental Economics and Policies
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Economic Theory and Research
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth
okr.topic
Environment
okr.unit
Macro & Fiscal Mgmt - GP (GMFDR)

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