Published
05/29/2025, 09:25In his Facebook post, the former head recommended that the funds raised from the placement of the first-ever sovereign Eurobonds for $700 million be directed to projects in the energy and subsoil use.
In particular - on the construction of a combined heat and power plant in Kara-Keche, a gas-fired power plant in the village of Chaldavar, as well as on the development of deposits of rare earth metals Kutisai-2 and Kyzyl Ompol.
He called this event a new economic frontier and emphasized the high interest of international investors shows the growing confidence in the country's economic policy and ongoing reforms.
Akylbek Zhaparov also noted that the preparation for entering the Eurobond market has been systematically conducted over the past 3-4 years.
“Kyrgyzstan step by step improved macroeconomic indicators, strengthened investor confidence and achieved an increase in the sovereign credit rating,” he wrote, noting that, according to him, the placement of Eurobonds is not a goal, but a tool that should be used strategically.
