The International Monetary Fund forecasts that by the end of 2016 Kyrgyzstan's GDP will grow by 2.6 percent, Deputy Managing Director and acting Chairman of IMF Zhang Tao said.
According to him, while the pressure on the economy is becoming more moderate, short-term prospects remain complicated. The unfavorable external economic environment and weak domestic demand limit the prospects for economic growth. Vulnerability factors of debts and financial sector remain rather high.
Against this background, following the cautious macroeconomic policies and steady implementation of structural reforms are crucial for restoring buffer reserves and increasing resilience of the economy.
Inflation will remain at about 0.8 percent in 2016. In 2017-2018, it will rise by 5.2 percent.
The level of public debt to GDP ratio will range from 62.1 percent in 2016 to 60.3 percent - in 2021. The biggest ratio is expected in 2018 - 65.5 percent.