IMF Staff Country Reports

Kyrgyz Republic: 2025 Article IV Consultation-Press Release; and Staff Report

June 4, 2025

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International Monetary Fund. Middle East and Central Asia Dept. "Kyrgyz Republic: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 118 (2025), accessed June 6, 2025, https://doi.org/10.5089/9798229013031.002

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Summary

The Kyrgyz Republic has shown remarkable resilience amid heightened global uncertainty. Inflation has declined to mid-single digits, but underlying demand pressures require continued vigilance. Favorable debt dynamics have created fiscal space to invest in infrastructure, energy, and human capital. Looking ahead, growth is expected to moderate and converge to its potential of around 5¼ percent over the medium term as re-export trade normalizes. However, the outlook remains highly dependent on geopolitical developments. Priorities going forward include rebuilding policy buffers and advancing structural reforms to strengthen resilience and support sustained and inclusive growth.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Debt sustainability, Debt sustainability analysis, Domestic debt, Exchange rates, External debt, Foreign exchange, National accounts, Public debt, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Debt sustainability, Debt sustainability analysis, Domestic debt, Exchange rates, Imports, Inflation

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