IMF to Offer Assistance to Kyrgyzstan

An International Monetary Fund mission agreed in principle to launch an economic initiative in Kyrgyzstan, which will be funded by an 18-month arrangement under the fund’s Exogenous Shocks Facility worth at least USD60 million. The IMF executive board is expected to approve the accord in early December. The program will help reduce inflation, support economic growth, and protect the poor amid the global food crisis and shortfall in domestic power generation. (“IMF Announces Staff-Level Agreement with Kyrgyz Republic on Arrangement under the Exogenous Shocks Facility” - International Monetary Fund, Nov. 3, 2008)