Carnegie Endowment for International Peace
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This report focuses on three areas, economic development strategy, the elaboration of a new tax code and further improvement in governance. The single most important issue for the next year is that Kyrgyzstan achieves a large reduction of its public foreign debt in the Paris Club in the spring of 2005.
Ever since the Soviet Union collapsed, the independent states that emerged from the wreckage have tried to sort out their trade relations. But the flow of goods between countries continues to contract even more than it should. What is needed is free trade.
The foucs of economic policy in the Kyrgyz Republic should be economic growth. The main tasks should be to expand exports, primarily by opening up the Kazakh market, and stimulating supply through further reforms in governance and taxation.