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Structural reforms vital for Kyrgyzstan’s growth potential enhancing, says IMF mission

Bishkek (AKIpress) - 8ad0a330140858a4c8792aad43746c1a Structural reforms remain vital for enhancing Kyrgyzstan’s growth potential, 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.

The mission urged the Kyrgyz authorities to approve swiftly the Banking Code, Payments System Law, and Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) legislation currently in the parliament.

Adopting this legislation would be a major step forward in developing the financial sector and enable it to support strong private sector-led growth. It will modernize the resolution regime, streamline the supervisory framework, and bring the AML/CFT framework in line with best international practice.

Speeding up the public financial sector management reforms will help to increase further the transparency of the public finances.


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17:35 23.05.2014
Astana
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Dushanbe
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Tashkent
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exchange rates
 
69.14
63.90
10.04
1.11
200.64
185.50
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5.75
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2484.15
400.29
41.38
3.78
3.50
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0.06

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