Kyrgyz Republic is positioning itself as a reliable economic partner, capable of fulfilling all its financial obligations, according to Akylbek Japarov, Chairman of the Cabinet of Ministers and Head of the Presidential Administration. Speaking at the 10th MINEX Central Asia Mining and Geology Forum, Japarov highlighted the country’s vast mineral resources and recent economic achievements.
Japarov emphasized that 95% of Kyrgyzstan’s territory is mountainous, rich in various minerals including gold, coal, iron, titanium, and rare earth elements. He invited partners for joint geological exploration and investment in the mining sector.
The country has achieved political stability based on improved economic conditions. Kyrgyzstan has seen a sharp reduction in the shadow economy, increased tax revenues, and higher salaries for public sector workers. As a result, 82% of the population supports the current leadership, according to an International Republican Institute survey.
Kyrgyzstan’s economy has shown robust growth, with an average GDP growth rate of 7% in recent years. In 2023, the country’s GDP exceeded 1 trillion 229 billion soms (about $14 billion USD), a significant increase from previous years. GDP per capita has risen to nearly $2,000 USD, up from $1,230 in 2020.
Japarov also noted the recent agreement with neighboring countries to build the Kambarata-1 hydroelectric power plant, symbolizing a new era of energy integration in Central Asia.
In conclusion, Japarov invited investors to take advantage of the opportunities in Kyrgyzstan, emphasizing the country’s readiness for mutually beneficial cooperation and fair distribution of wealth with its partners.
Source: https://www.gov.kg
