Meeting on 21 June with President Askar Akaev, Bhaswar Mukhopadhyay, the outgoing International Monetary Fund (IMF) representative for Kyrgyzstan, praised the country's economic progress. Mukhopadhyay cited falling inflation, a stable exchange rate, and growing currency reserves as evidence of a positive trend. If reforms work to support business and stabilize the macroeconomic situation, Kyrgyzstan can look forward to increased foreign investment and a bright future, akipress.org cited Mukhopadhyay as saying. Mukhopadhyay, who served as the IMF representative for Kyrgyzstan three years, will be replaced on 1 July by Michael Mered, who previously served as the IMF representative in Azerbaijan and Turkmenistan.
RFE/RL news line/NA AKIpress, June 21, 2004