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Kyrgyz Republic: Request for an 18-Month Arrangement Under the Exogenous Shocks Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kyrgyz Republic

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  • International Monetary Fund

Abstract

The Kyrgyz Republic’s request for an 18-month Arrangement under the Exogenous Shocks Facility is discussed. International commodity prices continued to rise through much of 2008, resulting in a surge in inflation to more than 30 percent by mid-year and a widening of the current account deficit. A major shortfall in domestic hydropower capacity owing to low water levels is causing power shortages and necessitates the import of larger volumes of fuel and electricity, increasing the current account deficit further.

Suggested Citation

  • International Monetary Fund, 2008. "Kyrgyz Republic: Request for an 18-Month Arrangement Under the Exogenous Shocks Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive," IMF Staff Country Reports 2008/381, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/381
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22565
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    Cited by:

    1. Roman Mogilevsky & Anara Omorova, 2011. "Assessing Development Strategies to Achieve the MDGs in Asia. Macroeconomic Strategies of MDG Achievement in the Kyrgyz Republic," CASE Network Reports 0095, CASE-Center for Social and Economic Research.

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