[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109196-en":3,"doc-seo-109196-105":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},109196,34359740700684,"Finn","https://ap-avatar.wpscdn.com/avatar/1f400023980c374ae676?_k=1777273430885731487",8,"Research & Report","Kyrgyz Republic Country Economic Memorandum - Enhancing Productivity-Driven Growth in the Kyrgyz Republic - Synthesis Report - March 2025","Synthesis report for the Kyrgyz Republic outlining why growth has remained chronically sluggish and job quality has been weak. It explains how limited productivity growth and weak firm-level performance, together with low business dynamism, constrain economic outcomes. The report analyzes investment and business-environment constraints, competitive-market barriers, and macroeconomic limits to productivity. It concludes with targeted policy recommendations to strengthen business dynamism and raise productivity-driven growth.","Public Disclosure Authorized Public Disclosure Authorized  \nKYRGYZ REPUBLIC  \nCountry Economic Memorandum  \nEnhancing Productivity-Driven Growth in the Kyrgyz Republic  \nSynthesis Report  \nMarch 2025  \nEconomic Policy Global Practice Europe and Central Asia Region  \nDocument of the World Bank  \nGOVERNMENT FISCAL YEAR  \nJanuary 1–December 31  \nCURRENCY EQUIVALENTS  \n(Exchange Rate Effective as of March 10, 2025 Currency Unit = Kyrgyzstan Som (KGS)  \nUS$1 = KGS 87.45  \nWEIGHTS AND MEASURES  \nMetric System  \n\n| Regional Vice President Country Director Regional Director Country Manager Practice Manager Program Leader\u003Cbr>Task Team Leaders | Antonella Bassani Tatiana Proskuryakova Asad Alam\u003Cbr>Hugh Riddell Antonio Nucifora David Stephen Knight\u003Cbr>Gohar Gyulumyan, Bakyt Dubashov, Karen Grigorian, and Mariana Iootti |\n| --- | --- |\n\nTable of Contents  \nIntroduction ............................................................................................................................................. 7  \nSection A. The Fundamental Structural Problems Facing the Kyrgyz Economy ..................... 8  \nChronically sluggish growth and poor quality of jobs characterize economic performance .........8  \nWeak productivity growth hampers more dynamic economic performance .................................10  \nFirm-level productivity growth........................................................................................................12  \nLack of business dynamism underpins poor economic performance............................................17  \nSection B. The Fundamental Causes of Weak Business Dynamism and Low Productivity  \nGrowth 19  \nInvestment plus infusion drive the transition of a developing economy from lower middleincome to upper middle-income status ...........................................................................................19  \nBusiness environment constraints to private sector growth...........................................................20  \nImpediments to more competitive markets......................................................................................24  \nMacroeconomic constraints to productivity growth .......................................................................27  \nSummary of the constraints to business dynamism and productivity growth ...............................28  \nSection C. Policy Recommendations ............................................................................................ 29  \nList of Figures  \nFigure 1: Average Real GDP Growth Rates and Real GDP Growth Rates per Capita, 2000-09, 2010-14 and 2015-19 (percent) ................................................................................................................8  \nFigure 2: Average Real GDP Growth Rates ofthe Kyrgyz Republic and its Structural Peers (left panel) and Aspirational Peers (right panel) (percent) ..........................................................................9  \nFigure 3: Annual Growth Rate of Employment and the Unemployment Rate (percent), 2001-2019  \n....................................................................................................................................................................9  \nFigure 4: Contributions to GDP Growth from Capital Accumulation, Growth in the Labor Force, Growth in Human Capital and TFP, 2000-09, 2010-14, and 2015-19 (percent) ...............................11  \nFigure 5: Gross Fixed Capital Formation, Average 2010-19 (percent of GDP), the Kyrgyz Republic and its Structural Peers (left panel) and Aspirational Peers (right panel) .......................11  \nFigure 6: Decomposition of Aggregate TFP Growth into within-Firm TFP Growth and TFP Growth from Allocative Efficiency, in Formal Sector Non-Agricultural Firms, 2010-22  \n(cumulative log changes) ........................................................................................................................ 13  \nFigure 7. Decomposition of Aggregate Product","cbCaio7UO7o8t0QR","https://ap.wps.com/l/cbCaio7UO7o8t0QR","pdf",885636,5,1,35,"English","en",105,"# Introduction\n# Section A. The Fundamental Structural Problems Facing the Kyrgyz Economy\n## Chronically sluggish growth and poor quality of jobs characterize economic performance\n## Weak productivity growth hampers more dynamic economic performance\n## Firm-level productivity growth\n## Lack of business dynamism underpins poor economic performance\n# Section B. The Fundamental Causes of Weak Business Dynamism and Low Productivity Growth\n## Investment plus infusion drive the transition of a developing economy from lower middle-income to upper middle-income status\n## Business environment constraints to private sector growth\n## Impediments to more competitive markets\n## Macroeconomic constraints to productivity growth\n## Summary of the constraints to business dynamism and productivity growth\n# Section C. Policy Recommendations","[{\"question\":\"Why does the report describe Kyrgyz economic performance as chronically sluggish?\",\"answer\":\"It attributes weak outcomes to persistent low growth and poor job quality, alongside constraints on productivity and business dynamism across the economy.\"},{\"question\":\"What are the report’s main causes of weak business dynamism and low productivity growth?\",\"answer\":\"The report focuses on limited investment and infusion, business-environment constraints, impediments to more competitive markets, and macroeconomic constraints on productivity.\"},{\"question\":\"What does Section C provide?\",\"answer\":\"Section C consolidates policy recommendations aimed at addressing the identified constraints to business dynamism and productivity-driven growth.\"}]","Kyrgyz Republic Country Economic Memorandum - Enhancing Productivity-Driven Growth in the Kyrgyz Republic - Synthesis Report - March 2025 | 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