Reports and studies of development partners
This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013. The exercise was launched following an independent review of the existing safeguards policy in 2010 in which many Directors encouraged staff to highlight fiscal safeguards risks in cases where a substantial portion of the resources provided by the Fund for balance of payments support is channeled to state treasuries for budget purposes. Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.
The EurAsEC Anti-Crisis Fund has published Evaluation Reports on Applications of Kyrgyz Republic for Investment Loans financed with Resources of the Fund for two projects – “Rehabilitation of Bishkek-Osh Road Section, Phase IV”, in the amount of US$ 60 million, and “Funding of Farming Machinery Supplies to Kyrgyz Republic”, in the amount of US$ 20 million.
Staff Report for the fifth review under the Extended Credit Facility, prepared by a staff team of the IMF, following discussions that ended on September 25, 2013, with the officials of Kyrgyz Republic on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on November 15, 2013. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. IMF Country report - December 2013