Kyrgyz Republic : Growth Rebounds, Risks Remain

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dc.creatorWorld Bank
dc.date2014-06-12T20:32:57Z
dc.date2014-06-12T20:32:57Z
dc.date2014-03
dc.date.accessioned2026-07-01T00:52:53Z
dc.descriptionThe Kyrgyz Republic's three party coalition has tackled a number of events during 2013, including mayoral elections in the country's biggest cities Bishkek and Osh road blockages around Kumtor, the country's largest gold mine; as well as tense negotiations on the future of the mine; and clashes in the south of the country. The government has navigated through these difficult times, quashing a motion of no confidence in parliament. An agreement between the Kyrgyz Republic and Centerra Inc. the majority stakeholder in Kumtor was accepted by parliament in early 2014. A surge in gold output and solid growth in the non-gold sectors contributed to an impressive 10.5 percent expansion of the Kyrgyz economy in 2013. Smaller increases in food prices than in recent years, and relatively stable energy prices helped bring inflation down. Expenditure controls and robust revenue outturns have brought the fiscal deficit down to 3.5 percent of gross domestic product (GDP). Preliminary estimates suggest the trade deficit and current account deficit remained high in 2013. Medium term growth is expected to moderate to 5 percent, however, a number of risks remain. The exceptional performance of gold output in 2013 is unlikely to be repeated in 2014. The rest of the economy is expected to continue expanding at 5 to 6 percent. A slowdown in the Russian economy, declining gold prices, and uncertainty created by the recent fluctuations in the exchange rate can adversely affect this outcome. This report presents recent political developments; recent economic developments; and economic and structural policies.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/03/19456167/kyrgyz-republic-growth-rebounds-risks-remain
dc.identifierhttps://hdl.handle.net/10986/18650
dc.identifierhttps://doi.org/10.1596/18650
dc.identifier.urihttp://hdl.handle.net/123456789/412387
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.relationKyrgyz Republic economic report;no. 5
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING RULES
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectASSET RATIO
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBARRIER
dc.subjectBROAD MONEY
dc.subjectBUDGET DEFICIT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL INFLOWS
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOAL
dc.subjectCOAL PRICES
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONSUMPTION BASKET
dc.subjectCONSUMPTION GROWTH
dc.subjectCORE INFLATION
dc.subjectCPI
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCUSTOMS UNION
dc.subjectDEBT FORGIVENESS
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE RATIO
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDEVALUATIONS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDOLLAR EXCHANGE RATE
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC INFLATION
dc.subjectDOMESTIC PRICES
dc.subjectDRAG ON GROWTH
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMICS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENVIRONMENTAL
dc.subjectEQUIPMENT
dc.subjectEQUITY RETURN
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE POLICIES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT EARNINGS
dc.subjectEXPORT GROWTH
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL DEMAND
dc.subjectFAIR MARKET VALUE
dc.subjectFARMS
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCING REQUIREMENTS
dc.subjectFISCAL BALANCE
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFISHERIES
dc.subjectFIXED ASSETS
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN LOANS
dc.subjectFRAUD
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOLD
dc.subjectGOLD PRICE
dc.subjectGOLD PRICES
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS NATIONAL SAVINGS
dc.subjectGROWTH IN TRADE
dc.subjectGROWTH RATE
dc.subjectHOUSEHOLD INCOMES
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPORT
dc.subjectIMPORT GROWTH
dc.subjectIMPORT PRICES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMAL ECONOMY
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINTEREST RATES
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT LEVELS
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR CONFIDENCE
dc.subjectJOINT VENTURE
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLIFE EXPECTANCY
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectLOW-INCOME COUNTRY
dc.subjectM2
dc.subjectMARKET SHARE
dc.subjectMARKET VALUE
dc.subjectMATURITY
dc.subjectMETALS
dc.subjectMICRO ENTERPRISES
dc.subjectMINES
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY POLICY
dc.subjectMULTIPLIER EFFECTS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL SAVINGS
dc.subjectNET EXPORTS
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectNOMINAL WAGE
dc.subjectNON-PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectOUTTURNS
dc.subjectPENSIONS
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL UPHEAVAL
dc.subjectPOPULATION GROWTH
dc.subjectPOVERTY LEVELS
dc.subjectPRICE INCREASES
dc.subjectPRICE INDEX
dc.subjectPRICE INFLATION
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC INVESTMENT
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL WAGES
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectRULE OF LAW
dc.subjectSHARE OF INVESTMENT
dc.subjectSHARE PRICES
dc.subjectSLOWDOWN
dc.subjectSTRUCTURAL CHANGE
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX LIABILITIES
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX REGIME
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTOTAL EXTERNAL DEBT
dc.subjectTOTAL INVESTMENT
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE FACILITATION
dc.subjectTRADE LOSSES
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADING
dc.subjectTRADITIONAL MARKETS
dc.subjectTRANSPARENCY
dc.subjectTREATY
dc.subjectUNCERTAINTIES
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectVOLATILITY
dc.subjectVULNERABILITY TO SHOCKS
dc.subjectWAGE GROWTH
dc.subjectWAGES
dc.subjectWEIGHTS
dc.subjectWHOLESALE MARKETS
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleKyrgyz Republic : Growth Rebounds, Risks Remain

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