Kyrgyzstan will become the leader in economic growth in Central Asia - EBRD forecast

The European Bank for Reconstruction and Development (EBRD) forecasts a significant growth of Kyrgyzstan's economy in 2024 - up to 9%. This is the highest indicator among Central Asian countries.

According to the Regional Economic Outlook report, the key drivers of growth in Kyrgyzstan are the development of the tourism industry, increased revenues from tourist transportation and services, and support from remittances.

Investment in infrastructure and exports of precious metals such as gold and silver also play a significant role. Growth may slow to 7% in 2025, but the economy will remain on the upswing.

The EBRD also warns of the risks of secondary sanctions that could affect Kyrgyzstan's trade, but strong domestic demand and active market reforms will help maintain economic stability.

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Kyrgyzstan will become the leader in economic growth in Central Asia - EBRD forecast

Read Similar

The deputy instructed the Antimonopoly Service to better monitor unjustified price increases

Kyrgyzstan has developed a new bill to protect the rights and interests of investors

Illegally privatised offices in UVK No. 67 returned to the state

Residents of the Ysyk-Ata district raised concerns about the reduction of pastures due to the development of sand quarries