At a joint meeting of the committees of the Jogorku Kenesh, the Prime Minister Adylbek Kasymaliev outlined the main factors contributing to the economic growth of Kyrgyzstan. Construction, industry, and services have become the leading sectors driving progress in this area.
He noted that the volume of investments in fixed capital amounted to 283.2 billion soms, which corresponds to an increase of 18.1% compared to the previous period.
Kasymaliev also mentioned the impact of external factors on the level of inflation; however, thanks to the monetary policy being implemented, the exchange rate of the som remains stable. In addition, he highlighted changes in the structure of trade, where Kyrgyzstan is beginning to participate more actively in global and regional trade chains.
An important aspect emphasized by the chairman is the implementation of large infrastructure projects, such as the construction of the China–Kyrgyzstan–Uzbekistan railway and the Kambar-Ata Hydroelectric Power Station-1, with a total cost of about 10 billion dollars.
Kasymaliev also noted that Kyrgyzstan has issued eurobonds for the first time amounting to approximately 750 million dollars, which is a significant step towards strengthening the country's international image.
He added that the conditions created allow Kyrgyz companies to enter international stock markets.
“We have created favorable conditions for companies such as Kumtor, Megacom, and Eldik Bank, which plan to enter global stock exchanges,” concluded Kasymaliev.
