Kyrgyz Republic - Joint World Bank-IMF Debt Sustainability Analysis
The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt dis...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/492841570637910932/Kyrgyz-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32566 |
| Summary: | The joint World Bank/IMF Debt
Sustainability Analysis (DSA) has been prepared in the
context of the 2019 Article IV Consultation, for the first
time based on the revised framework for low-income
countries. Results indicate moderate risk of debt distress
for both external and overall public debt. However, the debt
outlook remains vulnerable, especially to a deceleration in
real GDP and exports growth and the depreciation of the KGS.
To address these vulnerabilities, the authorities need to
remain cautious when contracting and guaranteeing new debt,
maintain fiscal discipline, improve public investment
management, and continue improving the business environment
to maintain the export potential of the country after the
main gold mine will close in 2026. |
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