2023 IMF Article IV consultation with Kyrgyz Republic reveals strong economic recovery, improved tax revenue, and declining public debt.
The International Monetary Fund (IMF) concluded its 2023 Article IV consultation with Kyrgyz Republic, showing a strong economic recovery with growth driven by construction and trade, despite challenging regional conditions. Tax revenue mobilization improved, public debt declined, and inflation fell to 7.3%. The IMF predicts the output will grow at a potential rate of 4% in the medium term, with inflation declining to mid-single digits, and public debt remaining contained. The current account deficit is expected to narrow if gold production exports fully resume and re-exports are reflected in external accounts.
March 04, 2024
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