Kyrgyz Republic
Policy transmission weak in Caucasus and central Asia – IMF
Recommendations include improved communications, and intraday and overdraft credit facilities
Kyrgyz central bank raises rates 150 basis points
Central bank cites “geopolitical risks”, though high inflation was problem long before war
Azerbaijan, Kyrgyzstan and Armenia raise rates
Inflation remains high across region, though falling in these three countries
Kyrgyzstan raises rates again after lull
Central bank orders 50bp hike amid double-digit inflation
Kyrgyz central bank hikes policy rate by 100 basis points
Rising commodity prices and currency worries bring second hike this year
Kyrgyzstan central bank hikes rates as inflation rises
Fifty-basis point hike brings rate to 5.5% amid rising inflation and following political upheaval
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting standards as credit impairment tsunami looms; US and many emerging economies skirting the rules
IMF considers Peru credit line and gives further aid packages
Kyrgyzstan receives second aid package while IMF grants debt service relief to Djibouti
IMF releases first emergency Covid-19 funding to Kyrgyz Republic
Country is battling with balance-of-payments gap of $400 million
Kyrgyz Republic hikes rates for first time since 2015
Inflation still well below target but climbing fast due to external pressures
NBKR cuts rates as deflation bites
Broad-based drop in prices prompts 25bp rate cut
Outstanding contribution for capacity building: Warren Coats
For his extraordinary life’s work in helping to put more than 20 central banks – from those in former Soviet republics to those recovering from war – on a sounder footing
NBKR’s Abdygulov returns to top job after stint in government
Tolkunbek Abdygulov spent a brief period as deputy prime minister before resuming the central bank’s chairmanship
People: New Kyrgyz governor; six promotions in Sri Lanka
Kubanychbek Kulmatov takes over at NBKR after former governor departs early; six employees made assistant governors in Sri Lanka; and more
IMF staff want better co-ordination between Kyrgyz government and central bank
Reforms are needed to strengthen the legal basis of the central bank and improve monetary policy traction in the country, staff say; better co-ordination is needed on government deposits
IMF staff urge caution on Kyrgyz de-dollarisation plans
Central bank plans to support borrowers with foreign currency exposures, but IMF team warns this must be backed by other policies; action also needed on central bank independence, it says
Kyrgyz central bank partners with World Bank to deliver payments upgrade
The Kyrgyz Republic has seen rapid growth in card payments in recent years, which the central bank fears could create instability if the oversight and operation of payment systems is not improved
Kyrgyz central bank throws open library to public
Demand for rare books from scholars and students leads National Bank of the Kyrgyz Republic to open its library to the public
Kyrgyz Republic marshals journalists in financial literacy push
National Bank spokeswoman says central bank is taking the lead with broad communication strategy while government finalises plans; journalists seen as ‘effective information transfer tool’
People: Greek PM’s adviser moves to central bank; Kyrgyz central bank appoints new deputy
Iannis Mourmouras sworn in as deputy governor of the Bank of Greece; new deputy governor and board member at the Kyrgyz central bank
Nurbek Jenish named Kyrgyz deputy
National Bank of the Kyrgyz Republic appoints Nurbek Jenish, an academic with experience at the World Bank and Asian Development Bank, as third deputy chairman