02022cas a2200241 a 4500 AALejournalIMF019481 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498324199 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Kyrgyz Republic : 2019 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (81 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The economy is growing steadily, benefiting from a benign regional environment, particularly in Russia, the source of most remittances and non-gold export receipts. Low inflation, lower fiscal deficits, and a stable banking sector point to the success of stabilization policies implemented by the government and National Bank of the Kyrgyz Republic (NBKR, the central bank) under eight successive Fund-supported programs. However, the economy remains vulnerable to external shocks because of the high level of remittances (29 percent of GDP), the concentration of exports on gold (37 percent of exports of goods), the level and composition of the public debt (56 percent of GDP, 4/5 of which is denominated in foreign currency), and the level of the current account deficit (8.7 percent of GDP). In addition, economic growth has been insufficient to significantly raise living standards and continue to reduce poverty. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/208 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/208/002.2019.issue-208-en.xml IMF e-Library