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IMF: Kyrgyzstan's GDP will grow by 2.6 percent in 2016

16/12/16 12:16, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

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.


URL: http://eng.24.kg/economics/183363-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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«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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