Kyrgyzstan - Economic Reforms in 1996

55 Pages Posted: 5 Sep 2009 Last revised: 1 Mar 2010

See all articles by Jacek Cukrowski

Jacek Cukrowski

CASE - Center for Social and Economic Research

Kazimierz Kloc

Warsaw School of Economics

Malgorzata Markiewicz

Bank of Finland

Irena Maria Topinska

University of Warsaw - Faculty of Economic Sciences

Jaroslaw Kuzma

affiliation not provided to SSRN

Date Written: September 1, 1997

Abstract

The expectations of the government of Kyrgyzstan and the National Bank of Kyrgyzstan were quite optimistic. In 1996, despite of fiscal problems, further macroeconomic stabilization (i.e., reduction of the annual rate of inflation) and a stable rise of production were expected. However, as it is shown in the analysis below, not all economic targets have been achieved, and stabilization reforms in 1996 should not be considered as very successful (inflation rate increased to 35%, and national currency depreciated by about 50%). On the other hand, another aim - overcoming the slump in production - has been achieved (GDP increased by 5.6%)11, and several important socio- economic reforms have been started and continued.

Keywords: Kyrgyzstan, economic reform, 1996

Suggested Citation

Cukrowski, Jacek and Kloc, Kazimierz and Markiewicz, Malgorzata and Topinska, Irena Maria and Kuzma, Jaroslaw, Kyrgyzstan - Economic Reforms in 1996 (September 1, 1997). CASE Network Studies and Analyses No. 112. Available at SSRN: https://ssrn.com/abstract=1467715 or http://dx.doi.org/10.2139/ssrn.1467715

Jacek Cukrowski (Contact Author)

CASE - Center for Social and Economic Research ( email )

Center for Social and Economic Research,
Warsaw
Poland

Kazimierz Kloc

Warsaw School of Economics ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

Malgorzata Markiewicz

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

Irena Maria Topinska

University of Warsaw - Faculty of Economic Sciences ( email )

Dluga Street 44/50
Warsaw, 00-241
Poland

Jaroslaw Kuzma

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
27
Abstract Views
535
PlumX Metrics