Economic Reforms In Taxation, Trade, And Finance: A Case Study Of The Kyrgyz Republic

Authors

  • Yu Ji Institute of Economics and Management, Kyrgyz State University named after I. Arabaev, 72000, Bishkek, the Kyrgyz Republic
  • д.э.н., профессор Бексултанов Азисбек Абдилкариевич Research Institute of Innovative Economics named after Musakozhoev at the Kyrgyz University of Economics, Manasa aye., bld. 22a keninskiy district 720033 Bishkek Kyrgyzstan/KG
  • Xin Cui Institute of Economics and Management, Kyrgyz State University named after I. Arabaev, 72000, Bishkek,the Kyrgyz Republic,
  • Dongwei Fu Institute of Economics and Management, Kyrgyz State University named after I. Arabaev, 72000, Bishkek, the Kyrgyz Republic,
  • Ziheng Wang Research Institute of Innovative Economics named after Musakozhoev at the Kyrgyz University of Economics, Manasa aye., bld. 22a keninskiy district 720033 Bishkek Kyrgyzstan/KG

DOI:

https://doi.org/10.29284/wmzcfm76

Keywords:

economic reform, taxation, trade, financial stability, Kyrgyz Republic, case study

Abstract

Economic reforms in taxation, trade, and finance play a critical role in enhancing macroeconomic stability and sustainable development in small open economies. This study adopts a case study approach to examine reform trajectories in the Kyrgyz Republic during the post-2018 to 2024 period, with particular attention to tax administration reforms, trade liberalization and regional integration, and financial sector stabilization. Drawing on official data from the Government of the Kyrgyz Republic, the National Bank of the Kyrgyz Republic, and international financial institutions, the study employs descriptive analysis supported by tables and figures. The results indicate that fiscal reforms have focused on strengthening tax compliance and revenue mobilization, trade reforms have emphasized regional connectivity and customs modernization, and financial reforms have prioritized banking stability amid external shocks. The findings highlight the importance of coordinated reforms across economic domains in enhancing resilience in transition economies.

References

1. Asian Development Bank. (2022). Asian Development Outlook 2022: Mobilizing taxes for development. Asian Development Bank.

2. Arvis, J.-F., Mustra, M. A., Ojala, L., Shepherd, B., & Saslavsky, D. (2010). Connecting to compete 2010: Trade logistics in the global economy—The logistics performance index and its indicators. World Bank.

3. Bird, R. M., & Zolt, E. M. (2014). Redistribution via taxation: The limited role of the personal income tax in developing countries. UCLA Law Review, 52(6), 1627–1695.

4. Gorton, G., & Metrick, A. (2012). Regulating the shadow banking system. Brookings Papers on Economic Activity, 261–312.

5. International Monetary Fund. (2024). Kyrgyz Republic: 2023 Article IV consultation—Press release; staff report; and statement by the executive director for the Kyrgyz Republic (IMF Country Report No. 24/064). International Monetary Fund.

6. International Monetary Fund. (2025). Enhancing tax capacity: Revenue gains from strengthening tax administration (IMF Working Paper No. 25/219). International Monetary Fund.

7. National Statistical Committee of the Kyrgyz Republic. (n.d.). Open data: State budget revenues (annual series). https://stat.gov.kg/

8. World Bank. (2020). World Development Report 2020: Trading for development in the age of global value chains. World Bank.

9. World Bank. (2023). Tax administration and statistical system modernization project (P163711): Project documents. World Bank.

10. World Bank. (n.d.). World Development Indicators: GDP (current US$) — Kyrgyz Republic (NY.GDP.MKTP.CD). World Bank Data.

11. World Integrated Trade Solution. (n.d.). Kyrgyz Republic—Trade summary (merchandise exports and imports). World Bank (WITS).

12. Yin, R. K. (2018). Case study research and applications: Design and methods (6th ed.). SAGE Publications.

Downloads

Published

2026-01-15

Issue

Section

Articles

How to Cite

[1]
Y. Ji, д. п. Б. А. Абдилкариевич, X. Cui, D. Fu, and Z. Wang, “Economic Reforms In Taxation, Trade, And Finance: A Case Study Of The Kyrgyz Republic”, IJASIS, pp. 323–334, Jan. 2026, doi: 10.29284/wmzcfm76.

Share