The IMF suggests that Kyrgyzstan improve its investment climate.
At a press conference in Bishkek on May 16, the head of the International Monetary Fund mission, Christian Beddies, stated that both the government and the IMF are aware of the existence of the shadow economy in the Kyrgyz Republic.
“We believe that improving the business environment and creating equal economic conditions for all market participants will lead to a reduction in the level of the shadow economy and the withdrawal of activities from the shadows.”
He expressed the opinion that this will depend on improving the investment climate, strengthening property rights, and addressing issues related to manifestations of corruption.
He added: “Of course, it is necessary to acknowledge that these problems cannot be solved in a day, and this is a long-term process.”
“We believe that improving the business environment and creating equal economic conditions for all market participants will lead to a reduction in the level of the shadow economy and the withdrawal of activities from the shadows.”
He expressed the opinion that this will depend on improving the investment climate, strengthening property rights, and addressing issues related to manifestations of corruption.
He added: “Of course, it is necessary to acknowledge that these problems cannot be solved in a day, and this is a long-term process.”
