Governance is crucial: Lessons from World Bank support to the Kyrgyz Republic
In 2018, following five years of a program of support for the Kyrgyz Republic focused on governance reforms, the World Bank shifted its strategy. In view of limited progress with governance reforms, and based on analysis that highlighted the need to shift the country’s economic growth model, attention turned to fostering private sector-led economic growth. The Kyrgyz Republic was an early leader among Central Asian countries in economic liberalization, but broad-based economic growth had remained elusive.