• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
21 January 2025

Viewing results 1 - 6 of 3

Kyrgyzstan Unveils Ambitious Growth Plans at People’s Kurultai

On December 20, Bishkek hosted the third People’s Kurultai (Congress), a platform for direct dialogue between representatives of local communities from across Kyrgyzstan and the country’s top leadership. The event featured opening remarks by President Sadyr Japarov and a detailed address by newly appointed Chairman of the Cabinet of Ministers, Adylbek Kasymaliyev, who outlined the government’s economic priorities and strategic plans for the future. Japarov set the tone for the event by sharing his vision for Kyrgyzstan’s development priorities. He announced that construction of the long-anticipated China-Kyrgyzstan-Uzbekistan railway will commence on December 27. Kasymaliev, in his address, emphasized Kyrgyzstan’s ability to sustain economic momentum, citing the country’s 9% annual GDP growth rate over the past three years. He highlighted key initiatives aimed at transforming Kyrgyzstan’s economic landscape, including: Strategic Infrastructure Projects: Kasymaliyev underscored the significance of the China-Kyrgyzstan-Uzbekistan railway, which is expected to create new economic centers and logistics hubs, effectively positioning Kyrgyzstan as a "land port" in the region. Hydropower and Renewable Energy: As a reliable partner in Central Asia’s hydropower sector, Kyrgyzstan will continue collaborating with Kazakhstan and Uzbekistan on the flagship Kambarata-1 hydroelectric power plant. Kasymaliyev also announced plans to expand solar and wind energy, eliminate state monopolies in the energy sector, and create conditions to attract private investment. Agriculture and Food Security: The government will prioritize agricultural processing to add value to raw products, ensuring food security and bolstering rural economic development. Construction as an Economic Driver: With construction contributing 7.4% of Kyrgyzstan’s GDP - a tenfold increase since 2013 - Kasymaliyev called the industry a vital indicator of economic growth. He noted that construction has significantly improved citizens' well-being over the past three years. Government’s Strategic Goals Kasymaliyev laid out an ambitious roadmap for the Cabinet of Ministers, aiming for the following by 2030: Economic Growth: Maintaining a GDP growth rate of 9% and achieving a GDP of $30 billion. Income Growth: Raising GDP per capita from $2,500 to $4,000. Economic Transition: Shifting from a services-oriented economy to an industrial-agrarian model. Support for Small and Medium Businesses: Increasing their share in GDP from the current 40.5% to 50%. Poverty Reduction: Lowering the poverty rate to 17%. Education Expansion: Ensuring 80% of preschool-age children have access to kindergarten. Kasymaliyev’s address underscored the government’s commitment to comprehensive economic reforms and regional cooperation. His plans reflected an optimistic vision for Kyrgyzstan’s development while addressing key challenges in energy, infrastructure, and social services.

Tax Troubles Trigger Shake-Up: Kyrgyzstan Names New Prime Minister

In Kyrgyzstan, Adylbek Kasymaliev, the head of the Cabinet of Ministers, has replaced Akylbek Japarov and became the new Prime Minister of the country. The departure of the previous head came as a surprise to most citizens. However, the president of the Kyrgyz Republic explained that the dismissal was due to unfavorable developments in the sphere of taxes. New Prime Minister Adylbek Kasymaliev was born on December 1, 1960, in the village of Dolon, in the Tyup district of the Issyk-Kul region. Over his long career, he has held the positions of Minister of Finance of Kyrgyzstan, Chairman of the State Tax Service, and Deputy Head of the Presidential Administration. According to the Kyrgyz president, Kasymaliev’s predecessor, Akylbek Japarov, who served for more than three years in the government, made a number of mistakes in the area of taxes. “His departure from office, I think, should not be politicized," stated President Sadyr Japarov. "Unfavorable events in the tax sphere, which provides the funds for the budget, have impacted this decision. There have also been machinations with excise duties. This sphere was under Akylbek Usenbekovich's personal control, and he could have taken earlier measures to stop illegal activity. Because of illegal manifestations in this area, as well as an investigation into the leadership of the tax service, there is a need to eliminate a conflict of interests. Thus, I decided to remove him from his post,” the president told Parliament. Earlier, the State Tax Service of Kyrgyzstan underwent massive inspections, resulting in a number of high-ranking officials losing their posts, including the head of the State Tax Service and some of his deputies. Kyrgyz analyst Nasirdin Shamshiev told Times of Central Asia that the departure was unexpected, as Akylbek Japarov had established himself as a strong and progressive economist. “Akylbek Japarov has done a lot to increase tax collections and bring business out of the shadows. Today's appointments in the government speak of the previous course of the Cabinet of Ministers,” Shamshiev said. In addition, Bakyt Sydykov has been officially appointed as Kyrgyzstan's new Minister of Economy. Previously, Sydykov worked on attracting investments and coordinating donor aid to the country.  "Sydykov's appointment was likely a preliminary measure," Shamshiev also told TCA. "He has performed well in his previous posts, but we have yet to assess his work, because the Ministry of Economy is not only about investment, it has to deal with a very wide range of issues. These include taxes, as well as standardization and customs policy. There are also many unresolved problems related to the Eurasian Economic Union. There is still a lot of work to be done on all of this.” Personnel rotations in the government of Kyrgyzstan are associated with a revitalization of the system of government management, Edil Baisalov, deputy chairman of the Cabinet of Ministers, wrote on his Facebook page. According to Baisalov, the president's decision is dictated by the desire to give new momentum to the country's growth. Baisalov also noted that Akylbek Japarov...

Akylbek Japarov Dismissed as Kyrgyzstan’s Cabinet Chief

On December 16, Kyrgyzstan’s head of the Cabinet of Ministers and Presidential Administration, Akylbek Japarov was dismissed from his position. Sources within the presidential administration confirmed the news to The Times of Central Asia. According to reports, President Sadyr Japarov has signed a decree formalizing the resignation. Akylbek Japarov is expected to be appointed as an advisor to the president. In the interim, Adylbek Kasymaliev, the first deputy head of the Cabinet of Ministers, will serve as acting prime minister. The appointment of a permanent successor has yet to be announced. After a long political career including, holding posts under former president's Akayev an Bakiev, Akylbek Japarov’s return to the forefront of Kyrgyz politics under President Japarov began in 2021, when he was appointed as an advisor on financial and economic issues. He later served as Minister of the Economy and Commerce, and as Deputy Chairman of the Cabinet of Ministers. On October 13, 2021, he assumed the dual role of head of the Cabinet of Ministers and head of the Presidential Administration, a position he held until his dismissal. Akylbek Japarov’s tenure as head of government stands out for its longevity. Since Kyrgyzstan gained independence in 1991, the country has seen 33 prime ministers, many of whom served for less than a year, whilst some held office for only a few days. In this context, Akylbek Japarov’s relatively long tenure of more than three years marks a significant achievement in Kyrgyz political history. From 2000 to 2005, Akylbek Japarov served as a deputy in the Jogorku Kenesh (parliament). Over the years, he held various key positions, including first deputy prime minister, deputy, and chair of the Committee on Budget and Finance. Akylbek Japarov gained particular recognition during his tenure as Minister of Economy and Finance for championing the controversial idea of passports for livestock. This initiative aimed to help farms export meat by providing identification for livestock, thereby improving traceability and quality standards.