Published
04/20/2026, 15:29Economy Minister Bakyt Sydykov, at a meeting with Moody’s analysts in Washington, proposed considering an upgrade to Kyrgyzstan’s credit rating against the backdrop of sustained economic growth.
The meeting took place as part of the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington.
Sydykov noted that Kyrgyzstan is fulfilling its commitments and expects an objective assessment of its reforms. According to him, the country’s economy has been growing by 9.5–11% annually over the past four years, driven by investment, domestic demand, construction and industry. The Kyrgyz side proposed that the agency take these indicators into account in future rating reviews, which currently remain at B3 with a ‘positive’ outlook.
An improved rating directly affects the country’s access to international finance and the cost of borrowing, as well as investor confidence.
In July 2025, Moody’s upgraded its outlook for Kyrgyzstan to ‘positive’, maintaining the B3 rating. An upgrade of the rating is set out as one of the objectives of the country’s National Development Programme up to 2030.
