Asian Development Bank and Kyrgyz Republic: Fact Sheet
Asian Development Bank | April 2009
Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Kyrgyz Republic as well as concise information on ADB's operations in the country and contact information. The Kyrgyz economy is facing significant external and domestic shocks, including high food and energy prices, energy shortages, natural disasters, and the downturn in the economies of neighboring Kazakhstan and the Russian Federation. Growth, excluding gold production, is expected to slow to 5.4% in 2008 and further to 1% in 2009 from 9.0% in 2007. Driven by higher international food and fuel prices, consumer price inflation soared to 25%. These external shocks threaten to erode considerable progress achieved over the past decade by reducing incomes and employment opportunities. Continued prudence in macroeconomic management will be critical to address macroeconomic imbalances in the near term. Structural reforms, including in the energy sector, are needed to support growth over the medium term.
CitationAsian Development Bank. 2009. Asian Development Bank and Kyrgyz Republic: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5787.
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