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Bishkek (AKIpress) - Growth is expected to moderate to 4.4 percent in 2014 because of the slowdown in the region. Inflation is projected to pick up, in part because of depreciation pressures earlier in the year, but should stay in single digits, IMF mission said in a statement issued following a visit to Bishkek on May 6-16 to hold discussions for the sixth and final review under a three-year Extended Credit Facility arrangement.
Over the medium term, growth is expected to pick up slightly and hover around 5 percent, while inflation is projected to stabilize at 6 percent. The intensive public infrastructure investment program for the next few years is creating pressures on the current account, but once completed should support growth, the statement reads.