Published
07/17/2026, 12:40The Eurasian Fund for Stabilization and Development (EFSD) has upgraded its assessment of Kyrgyzstan’s role in the region’s economic growth. According to the updated Regional Economic Review, the country’s GDP is projected to increase by 8.5% in 2026.
Kyrgyzstan and Tajikistan were among the few countries in the region that maintained strong growth rates at the beginning of the year. According to the Eurasian Fund for Stabilization and Development (EFSD), the main drivers remain domestic demand and high investment activity.
A particularly notable increase was recorded in the investment sector. In the first four months of 2026, capital investment in Kyrgyzstan rose by 69.7% year-on-year — the highest rate among the countries of the region.
At the same time, foreign trade remains a weak point of the economy. EFSD notes that Kyrgyzstan’s exports declined mainly due to a sharp drop in gold shipments.
Meanwhile, inflationary pressures have intensified in the country. The Fund raised its end-2026 inflation forecast for Kyrgyzstan and Tajikistan, linking it to rising global prices for energy and food, as well as sustained domestic demand.
On the foreign exchange market, the situation remained stable: unlike most countries in the region, where national currencies strengthened following the Russian ruble, the Kyrgyz som’s exchange rate against the US dollar remained virtually unchanged.
The EFSD also highlighted that investment activity in Kyrgyzstan continues to be one of the key factors supporting economic growth in the medium term.
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