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BISHKEK (TCA) — Economies across the European Bank for Reconstruction and Development (EBRD) regions are showing modest signs of an upturn after five consecutive years of slowdown, but the recovery expected for 2016 is slightly weaker than forecast six months ago, the EBRD Press Office said. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) and Asian Infrastructure Investment Bank (AIIB) have agreed to deepen cooperation between the two organisations as they promote economic development and investment across countries where they are both active, the EBRD said. Continue reading
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
