Kyrgyzstan will fully pay off its external debt by 2035, said Japarov

Марина Онегина Local news
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At the People's Kurultai, the President of Kyrgyzstan, Sadyr Japarov, announced the country's plans to completely pay off its external debt by 2035.

During his speech, he outlined the forecast for government debt payments in US dollars for the coming years:


“Starting from 2030, we expect a decrease in the amount of payments, and by 2035 we will be able to completely eliminate the state debt accumulated over the last three decades,” Japarov noted.

Earlier, the head of state emphasized that with the necessary resources, Kyrgyzstan could pay off its external debt in one day. However, this would be economically unfeasible due to penalties and interest on existing obligations. The country continues to adhere to the payment schedule, and in recent years, the share of debt in GDP has significantly decreased.
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