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BISHKEK (TCA) — As of 31 March 2016, Kyrgyzstan’s foreign debt amounted to US $3.646 billion or 60.3 percent of the country’s GDP last year, the press service of the Kyrgyz Government said on May 10. Continue reading
BISHKEK (TCA) — The Swiss State Secretariat for Economic Affairs SECO is increasing its support for small and medium-sized enterprises (SMEs) in Central Asia with a €4.5 million contribution to the work of the European Bank for Reconstruction and Development (EBRD) Small Business Initiative (SBI) in Kyrgyzstan and Tajikistan, the EBRD Press Office said on May 10. Continue reading
DUSHANBE (TCA) — On May 10, the Deputy Chairperson of the Tajik State Committee on Investments and State Property Management, Nigina Anvari, and World Bank Country Manager in Tajikistan Patricia Veevers-Carter launched a training program on private sector development that targets mid-level government officials in Tajikistan. Continue reading
ASTANA (TCA) — Moody's Investors Service on May 9 said that Kazakhstan's Baa3 rating is supported by the country's relatively high wealth levels, low public debt and high debt affordability, as well as sizable fiscal reserves held in foreign exchange, providing a significant buffer against the negative fiscal and balance of payments impact of lower oil prices. Continue reading
BISHKEK (TCA) — The weak external environment is expected to persist in Kyrgyzstan in 2016, further slowing growth to about 3 percent, widening external and fiscal deficits and slowing credit to the country’s economy, said Edward Gemayel, the head of an International Monetary Fund (IMF) mission that visited Bishkek from April 21 to May 5 to conduct the second review under the Extended Credit Facility (ECF). Continue reading
BISHKEK (TCA) — Economic growth has slowed to a two-decade low in the Caucasus and Central Asia (CCA) region, owing to the large and sustained decline in commodity prices, wide-ranging spillovers from Russia's recession, and the slowdown and rebalancing of China's economy, says the IMF Regional Economic Outlook April 2016 for Middle East and Central Asia. Continue reading
