Kyrgyz Republic: Fiscal Sustainability Study

The economic turmoil faced by the Kyrgyz Republic after the Soviet Union's collapse is a central theme, highlighting a dramatic 50% decline in output from 1991 to 1995. Following a brief period of potential recovery, the nation encountered further setbacks due to natural disasters and regional crises. The report outlines critical measures aimed at restoring fiscal stability, emphasizing the urgent need for reforms in public utilities and the tax system to facilitate recovery and growth.