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Improving Fiscal Risk Management in the Kyrgyz Republic (Английский)

The Kyrgyz Republic is a small, open, and lower-middle-income country. Throughout the past two decades, the Kyrgyz authorities have substantially improved the country’s fiscal stance to maintain macroeconomic stability. Notwithstanding past progress, the fiscal system of the Kyrgyz Republic faces several structural and operational inefficiencies which diminish its capacity to support growth and absorb shocks. The objectives of this report are to (i)...
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