[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108696-en":3,"doc-seo-108696-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108696,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","COUNTRY PRIVATE SECTOR DIAGNOSTIC - Unleashing the Private Sector to Rebuild Development Success","Country Private Sector Diagnostic: Unleashing the private sector to rebuild development success analyzes the Kyrgyz Republic’s private sector landscape and the constraints limiting firm growth, investment, and competitiveness. It outlines country context and cross-cutting challenges, including regulatory burdens, informality pressures, and weak investor protections. The report further assesses sector priorities such as energy access, export-oriented growth via connectivity, digital economy enabling, financial inclusion for MSMEs and digital finance, and tourism development through public-private partnership pathways.","Public Disclosure Authorized Public Disclosure Authorized  \nDisc losure Authorized  \nPublic  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN THE KYRGYZ REPUBLIC  \nUnleashing the private sector to rebuild development success  \nMay 2021  \nAbout IFC  \nIFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create marketsand opportunities where they are needed most. In fiscal year 2019, we delivered more than $19 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, [visit www.ifc.org](visit www.ifc.org)  \n© International Finance Corporation 2020. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C. 20433 [www.ifc.org](www.ifc.org)  \nThe material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent.  \nCover photos: Syinat Arynova, Nurzhamal Abeshova, KICB. Energy photo credit: Beksultan Aitkulov  \nCONTENTS  \nFIGURES 2  \nTABLES 2  \nBOXES 3  \nACKNOWLEDGMENTS 4  \nABBREVIATIONSAND ACRONYMS 5  \nEXECUTIVE SUMMARY 9  \nPART I: OVERVIEW 20  \n1. COUNTRY CONTEXT: THE KYRGYZ REPUBLIC ATA TURNING POINT 20  \nThe Kyrgyz Republic Needs to Regain Its Foothold As an Early Reformer 20  \nin the Region and Build a More Dynamic and Resilient Economy  \nCOVID-19 Adds Urgency to Tackling Macro, Fiscal, and Structural Challenges 22  \nStrategy for Expanding the Private Sector’s Contribution to Recovery and 24  \nGrowth and Structure of the CPSD Report  \n2. STATE OF THE PRIVATE SECTOR 26  \nRelatively Large Private Sector Concentrated in Services but Lagging 26  \nin Competitiveness  \nA Private Sector Dominated by Microenterprises and Struggling with 26  \na “Missing Middle”  \nThe Kyrgyz Republic Struggles with Attracting and Retaining FDI 29  \nExports Outside of Commodities are Underdeveloped and Decreasing 29  \nDue to the Low Competitiveness of Kyrgyz Firms  \n3. CROSS-CUTTING CHALLENGES 31  \nThe Regulatory Environment Limits the Growth of Businesses and 31  \nand Encourages Informality  \nWeak Investor Protections Deter Investors and Constrain Resource Mobilization 32  \nPolicy Actions on Cross-Cutting Constraints for Private Sector–Led Growth 34  \nPART II: SECTORAL ANALYSIS 36  \n4. ENSURING SUSTAINABLE AND RELIABLE ENERGY ACCESS 38  \n5. PROMOTING EXPORT-ORIENTED SECTORS THROUGH 43  \nGREATER CONNECTIVITY  \n6. ENABLING A DIGITAL ECONOMY 45  \n7. FINANCIAL INCLUSION: MSMESAND DIGITAL FINANCE 53  \n8. TOURISM DEVELOPMENT 72  \nA. OPPORTUNITIES AND CHALLENGES FOR KYRGYZ 76  \nECONOMIC SECTORS  \nB. PUBLIC-PRIVATE PARTNERSHIP PROJECTS 79  \nC. STRUCTURE OF THE KYRGYZ FINANCIAL SECTOR, END OF 2019 81  \nD. TOURISM DEVELOPMENT: SHORT-TERM WINS AND LONG-TERM PLANS 82  \nREFERENCES 107  \nENDNOTES 111  \nFigures  \nFigure 1.1 The Kyrgyz Republic’s Growth Performance 2000–19 (%) 21  \nFigure 1.2 Real GDP Index, The Kyrgyz Republic and Selected Countries 22  \nFigure 2.1 The Kyrgyz Republic’s Enterprise Sector Disaggregated by Firms 27  \nand Employees, 2018  \nFigure 2.2 Value-A","cbCaiqipjhmt6VY6","https://ap.wps.com/l/cbCaiqipjhmt6VY6","pdf",5914638,5,1,114,"English","en",105,"# Executive Summary\n# Part I: Overview\n## Country Context: The Kyrgyz Republic at a Turning Point\n## State of the Private Sector\n## Cross-Cutting Challenges\n# Part II: Sectoral Analysis\n## Ensuring Sustainable and Reliable Energy Access\n## Promoting Export-Oriented Sectors Through Greater Connectivity\n## Enabling a Digital Economy\n## Financial Inclusion: MSMEs and Digital Finance\n## Tourism Development\n## Opportunities and Challenges for Kyrgyz Economic Sectors\n## Public-Private Partnership Projects\n## Structure of the Kyrgyz Financial Sector, End of 2019\n## Tourism Development: Short-Term Wins and Long-Term Plans","[{\"question\":\"What is the main purpose of the Country Private Sector Diagnostic for the Kyrgyz Republic?\",\"answer\":\"It provides an assessment of how to unleash the private sector to rebuild development success by identifying constraints and priority reforms across the economy.\"},{\"question\":\"Which cross-cutting challenges are highlighted as limiting private-sector growth?\",\"answer\":\"The report emphasizes a regulatory environment that limits business growth and encourages informality, along with weak investor protections that deter investors and constrain resource mobilization.\"},{\"question\":\"What sector areas does the report analyze and propose priorities for?\",\"answer\":\"It covers energy access, export-oriented growth through connectivity, enabling the digital economy, financial inclusion for MSMEs and digital finance, and tourism development, including public-private partnership options.\"}]","COUNTRY PRIVATE SECTOR DIAGNOSTIC - 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