Private Sector Assessment Update The Kyrgyz Republic

Abstract

This assessment identifies challenges facing the development of the Kyrgyz Republic's vibrant private sector and suggests interventions for meeting them. The Kyrgyz Republic's transition from a centrally planned to a market economy has been one of the most remarkable in Central Asia. Today, the country is a notably open society and has made good progress in reducing poverty over the past decade. But the reform process is far from complete - as this private sector assessment update shows. This assessment contains information current as of January 2013 and updates a previous assessment done in 2007. The assessment is based on the experience gathered by the Asian Development Bank (ADB) over the last 5 years in engaging with government, investors, and entrepreneurs in the Kyrgyz Republic. Statistical data was collected from secondary sources. The report identifies challenges facing the development of a vibrant private sector - the country's main driver of economic growth - and suggests interventions for meeting them.