Report

Kyrgyz Republic Sytematic Country Diagnostic : From Vulnerability to Prosperity

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collection.link.289
https://openknowledge.worldbank.org/handle/10986/23099
collection.name.289
Systematic Country Diagnostics
dc.contributor.author
World Bank Group
dc.date.accessioned
2018-09-27T21:32:31Z
dc.date.available
2018-09-27T21:32:31Z
dc.date.issued
2018-09-18
dc.date.lastModified
2021-05-25T09:18:41Z
dc.description.abstract
The 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.identifier
http://documents.worldbank.org/curated/en/516141537548690118/Kyrgyz-Republic-From-Vulnerability-to-Prosperity-Systematic-Country-Diagnostic
dc.identifier.uri
http://hdl.handle.net/10986/30462
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
DEVELOPMENT AGENDA
dc.subject
COMMODITIES
dc.subject
TWIN GOALS
dc.subject
ECONOMIC GROWTH
dc.subject
SHARED PROSPERITY
dc.subject
POVERTY REDUCTION
dc.subject
INCLUSIVE GROWTH
dc.subject
SUSTAINABILITY
dc.subject
PRIVATE INVESTMENT
dc.subject
BUSINESS ENVIRONMENT
dc.subject
INVESTMENT CLIMATE
dc.subject
INFRASTRUCTURE
dc.subject
FISCAL POLICY
dc.subject
ENVIRONMENTAL SUSTAINABILITY
dc.subject
RESILIENCE
dc.subject
AGRICULTURE
dc.subject
ENERGY
dc.subject
MINING
dc.subject
PRIORITIES
dc.title
Kyrgyz Republic Sytematic Country Diagnostic
en
dc.title.subtitle
From Vulnerability to Prosperity
en
dc.type
Report
en
okr.crossref.title
Kyrgyz Republic Sytematic Country Diagnostic
okr.date.disclosure
2018-09-21
okr.doctype
Systematic Country Diagnostic
okr.docurl
http://documents.worldbank.org/curated/en/516141537548690118/Kyrgyz-Republic-From-Vulnerability-to-Prosperity-Systematic-Country-Diagnostic
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/30462
okr.identifier.externaldocumentum
090224b08616a23e_1_0
okr.identifier.internaldocumentum
30440208
okr.identifier.report
129911
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/516141537548690118/pdf/Kyrgyz-Republic-SCD-English-Final-August-31-2018-09182018.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Kyrgyz Republic
okr.topic
Environment :: Environmental Economics & Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Inequality
okr.unit
Central Asia Country Unit (ECCCA)

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