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SECTION NEWS

Standard & Poor's confirms credit rating of Kyrgyzstan

28/03/16 10:35, Bishkek – 24.kg news agency, by Anton LYMAR

International rating agency Standard & Poor's (S&P) confirmed Kyrgyzstan's ratings at the level of B/B, pointing the high vulnerability of the economy due to its dependence on Russia, Finmarket reported.

According to experts of the agency, the budget deficit of Kyrgyzstan may rise to 4.5 percent of GDP in 2016-2017, and the size of government debt in the coming years will reach 70 percent of GDP.

 Russia accounts for one-third of the foreign trade of the country and most of the money transfers from abroad.

The total public debt of Kyrgyzstan at the beginning of 2016 amounted to $3,695 billion. For the year it increased by 1.3 percent, the Minister of Finance of Kyrgyzstan Adylbek Kasymaliev said earlier on.


URL: http://eng.24.kg/economics/179858-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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05.02.2017
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Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
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Naryn
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Cholpon-Ata
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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