Economy in Kyrgyzstan

  • Central Asian countries, EU eye economic development

    AZERBAIJAN, 2016/10/06 Foreign ministers of the five Central Asian nations and the EU discussed the national and prospects of cooperation with a focus on various aspects of economic development, the press service of the Uzbek Foreign Ministry reported. The ministerial conference “Central Asia-European Union” was held Oct. 4 in Brussels. Foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan took part in the conference.

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Kyrgyzstan's economy has demonstrated steady increase pace in January to July of 2015.

    KYRGYZSTAN, 2015/08/18 The development of a range of industrial production entailed the increase of GDP in Kyrgyzstan by 7.1 %, according to statistics for January to July. The National Statistical Committee provided the data as compared to the same period of last year, KyrTag reported. The country's GDP grew mainly due to the development of the manufacturing industry, which made up of 42.6 % of all GDP increase. In addition, the increase of trade amounted to 9.8 % and construction totaled 8.9 % of total GDP increase. The increase of the Kumtor gold mine, which is the major industrial investment for Kyrgyzstan, amounted to 2.6 % of the country's total GDP increase.

  • Kyrgyzstan’s benefits from joining to Eurasian Union questionable

    KYRGYZSTAN, 2015/05/15 Kyrgyzstan’s benefits from joining to the Eurasian Economic Union of Russia, Kazakhstan, Belarus and Armenia are questionable, researcher at CIDOB Barcelona Centre for International Affairs Nicolas de Pedro believes. “The worsening prospects of the Russian economy and the Western sanctions make short-to-mid-term benefits for Kyrgyz economy additional dubious,” de Pedro told Trend. The expert noted that Kyrgyzstan expects to have easy access for its migrant workers into the Russian market following joining to the Eurasian Union, however it is far from clear that this is going to be case.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • IMF Announces with the Kyrgyz Republic Credit Facility 2011-10-02

    KYRGYZSTAN, 2011/10/02  IMF Announces Staff-Level Agreement with the Kyrgyz Republic on First Review of the Extended Credit Facility

  • IMF Consultation with Kyrgyz Republic 2011-06-25

    KYRGYZSTAN, 2011/06/25
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