A mission of the International Monetary Fund (IMF) has praised Kyrgyzstan's progress on the fund's three-year Poverty Reduction and Growth Facility Program.
IMF mission Chief Tapio Saavalainen told a briefing in Bishkek that the republic's government managed to meet the program's targets as of late March and performed even better in a number of other fields.
He welcomed that fact that Kyrgyzstan's tax collection was 0.6% higher than planned. The IMF official said that the country has managed to reign in inflation, which stood at two percent of GDP, and is now pursuing an effective budget and monetary policy.
Saavalainen expressed optimism that the country's economic growth rates will pick up and its exports will increase this year.
Interfax, May 08, 2003