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IMF notes very strong economic performance of Kyrgyzstan in 2013

Bishkek (AKIpress) - f943a30a12f82d9c5e42649518deb314 Economic performance in 2013 was very strong in Kyrgyzstan. Growth reached 10.5 percent and was broad-based, IMF mission said in a statement issued following the visit to Bishkek on May 6-16 to hold discussions for the sixth and final review under a three-year Extended Credit Facility arrangement.

The current account deficit declined in 2013, helped by the recovery in gold output and lower food and fuel prices. Twelve-month inflation dropped to 4 percent by end-2013 and core inflation remained in single digits.

The National Bank of the Kyrgyz Republic (NBKR) made significant strides toward modernizing the operational framework for monetary policy, which, if supported by continued prudent fiscal policy, should help keep inflation at bay, the statement says.


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