The International Monetary Fund has published a technical assistance report on two 2023 missions to the National Bank of the Kyrgyz Republic, finding the central bank’s core macroeconomic projection tool broadly adequate for its inflation-targeting framework, noting only marginal forecast accuracy gains from recalibration, and highlighting a new forecast quality monitoring tool integrated into the system to track errors and provide early warnings, while recommending continued human resource development and retention of expertise.
International Monetary Fund2026-05-19
International Monetary Fund publishes review finding Kyrgyz central bank projection model broadly adequate with new forecast monitoring tool
The International Monetary Fund published a technical assistance report on two 2023 missions to the National Bank of the Kyrgyz Republic, finding the central bank’s core macroeconomic projection tool broadly adequate for its inflation-targeting framework and noting only marginal forecast accuracy gains from recalibration. The report highlights a new forecast quality monitoring tool to track errors and provide early warnings, and recommends continued human resource development and retention of expertise.