With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and the standards of preschool education of the Republic of Belarus shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.
Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The Kyrgyz Republic has progressively increased economic output over the past two decades, but the growth has been volatile. The economy remains characterized by significant informality and relies heavily on a few sectors and worker remittances from abroad. The country has experienced political and social instability since independence in 1991.
Weak governance and entrenched corruption were major stress factors underlying political and social upheavals in 2005 and 2010. For the country to realize its growth potential—including to export hydroelectricity as a nexus for regional trade and transport and to promote tourism—economic activities need to be diversified through increased private sector development and improved occupational skills and productivity among the youth. Above all, dramatic improvements in governance are required, as corruption remains pervasive in the public sector, posing binding constraints to economic growth, competitiveness, and social equity. The Government of the Kyrgyz Republic has committed itself to improved governance at the national and local levels and reduced corruption as the basis for the country’s economic and social development.
IDA credits with no interest and only a 0. 2020 Strategy for the Development of Education. Japan Social Development Fund and aimed at improving teacher performance and management of schools through enhanced community engagement, increased transparency, and accountability. 1,000 teachers from 56 pilot schools have been trained to implement the revised curriculum and apply improved teaching and learning practices.
700,000 copies of textbooks, teacher guides, and student workbooks have been printed and distributed. 9 has been piloted and a sample-based achievement test carried out for fourth-graders. Schools have switched to a new financing model and will be held accountable for the annual school budget and expenditures. Non-gold output growth was robust at 3. July 2017, and credit to the economy increased by 12. The only moderate increase in food prices since January 2015 has positively affected the purchasing power of households at the bottom of the income distribution, while limiting the real income growth of agricultural producers. Macroeconomic conditions are expected to remain broadly favorable in 2017, assuming price and exchange rate stability and a control of spending pressures in the run-up to the presidential election in October 2017.