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연구정보

[경제] Improving Debt Management Practices in the Kyrgyz Republic : Implementation Completion Report

키르기스스탄 국외연구자료 연구보고서 - World Bank 발간일 : 2022-06-30 등록일 : 2022-08-25 원문링크

The Kyrgyz economy was hit hard by the pandemic in 2020 but began recovering in 2021. It contracted by 8.4 percent in 2020 because of the impact of Coronavirus disease 2019 (COVID-19) but then registered a modest recovery with 3.6 percent gross domestic product (GDP) growth in 2021 contributed mostly by non-gold sectors. The near-term outlook projects weakening of the Kyrgyz economy because of the deteriorated global economic environment after the war in Ukraine. The Kyrgyz economy is projected to contract by 2 percent in 2022 largely due to a projected significant decline in remittance inflows and the resulting fall in private consumption and investment. With more than 80 percent of public debt denominated in foreign currencies, the recent depreciation of the some will worsen the country’s debt profile and increase public debt servicing pressures. In addition to higher cost of public debt service, lower tax revenues from trade disruptions, lower customs revenues, weaker domestic economic activity, and anti-crisis government spending will exacerbate fiscal pressures in 2022. This technical assistance (TA) project made a modest contribution to improve debt management capacity at MOF; however, frequent staff turnover and initial low capacity remain serious concerns.

본 페이지에 등재된 자료는 운영기관(KIEP)EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.

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