Published
04/19/2026, 09:44Kyrgyzstan’s economy is set to gradually lose momentum in the coming years as trade indicators normalise, though the slowdown will be limited. This is stated in the final statement of the International Monetary Fund mission following the 2026 Article IV consultations.
Large-scale infrastructure projects will be the key factor mitigating the slowdown. It is these projects that will continue to support business activity and investment demand, offsetting the weakening of external economic momentum. As a result, economic growth will remain slightly above its potential level.
At the same time, inflation is expected to remain elevated until 2027 and will begin to decline gradually only if macroeconomic policies are adjusted.
It is noted separately that external stability will be supported by high gold prices and significant remittance flows. At the same time, experts draw attention to persistent discrepancies in the balance of payments, which make it difficult to accurately assess external factors and highlight the need to improve the quality of statistics.
