Kyrgyzstan to become leader in economic growth in Central Asia - EBRD

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The European Bank for Reconstruction and Development (EBRD) predicts significant economic growth for Kyrgyzstan in 2024, up to 9%. This is the highest figure among Central Asian countries, reports Akchabar.kg.

According to the "Regional Economic Prospects" report, the key drivers of growth in Kyrgyzstan are the development of the tourism industry, increased revenues from tourist transportation and services, as well as support from remittances.

Investments in infrastructure and the export of precious metals, such as gold and silver, also play a significant role. In 2025, the growth rate may slow down to 7%, but the country's economy will continue to rise.

The EBRD also warns of the risks of secondary sanctions that may affect Kyrgyzstan's trade, but strong domestic demand and active market reforms will help maintain economic stability.

CentralasianLIGHT.org,

September 26, 2024