Bishkek, Mar. 22, 2019. /Kabar/. The International Monetary Fund (IMF) predicts the growth of Kyrgyzstan’s economy in 2019 at the level of 3.8%, head of the IMF mission Christian Josz stated.
The IMF Representative Office in Kyrgyzstan reported that a team from the International Monetary Fund (IMF) led by Christian Josz visited Bishkek from March 6–19 to hold discussions on the 2019 Article IV Consultation with the Kyrgyz Republic.
According to a representative of the IMF, the economy of the Kyrgyz Republic grew by 3.5 percent in 2018, benefiting from stable regional environment. Inflation at 1.5 percent on average for the year, a moderate fiscal deficit of 1.3 percent of GDP for 2018, gross official foreign exchange reserves at 4.0 months of imports and a stable banking sector point to the success of stabilization policies, carried out by the government and National Bank of the Kyrgyz Republic (NBKR).
“In 2019, the economy is expected to grow by 3.8 percent, average inflation to reach 2.2 percent, the fiscal deficit to increase to 3.4 percent of GDP and gross foreign exchange reserves to reach the still comfortable level of 3.7 months of imports of goods and services", Christian Josz stated.
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