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Economy Legislation Parliament Government Economic Growth State Budget

Government Reports Steady Economic Growth in Kyrgyzstan

Chairman of the Cabinet of Ministers Akylbek Japarov announced in parliament on November 14 that Kyrgyzstan's GDP exceeded a historical high of 1.3 trillion KGS in 2023 and is projected to reach 1.5 trillion KGS ($17.35 billion) by the end of the year. Presenting the state budget execution for 2023 and the draft budget for 2025, Japarov reported a 9% real GDP growth rate for 2023, consistent with the growth rate in 2022. For context, Kyrgyzstan’s GDP growth was 7% in 2021. Japarov offered a conservative forecast for 2024, predicting 9.2% GDP growth. “If we divide GDP per capita, then in 2020, this figure was $1,200, and in 2024, it will exceed $2,500,” he noted. The average monthly wage in Kyrgyzstan has risen steadily from $239 (20,249 KGS) in 2021 to $316 (26,620 KGS) in 2022 and $376 in 2023. By the end of 2024, it is expected to reach $415 (35,791 KGS). From January to September 2024, Kyrgyzstan’s foreign trade volume was $12.1 billion, an 8.4% increase. Exports grew by 28.2%, totaling $2.8 billion, while imports rose by 3.7%, amounting to $9.3 billion. Inflation has significantly decreased, dropping from 14.7% in 2022 to 7.3% in 2023, and reaching 4.2% from January to October 2024. Japarov also highlighted the growth of Kyrgyzstan’s industrial sector, attributing it to investments and government support. By the end of 2024, more than 150 new enterprises are expected to open, with total investment projected at $2.2 billion and an estimated 19,000 jobs created. Further, for the first time since independence, Kyrgyzstan has started producing cars, standard gold bars, and new types of medicines. In the energy sector, Japarov reported that small hydroelectric power plants with a combined capacity of 48.3 MW were brought online in 2024. Additionally, solar and wind power projects are underway, alongside the reconstruction of the Toktogul hydroelectric power plant, the country’s largest.

Education Agriculture Food Government Agricultural Produce Farmers

Farmers’ Support Centers Open in Kyrgyzstan

Kyrgyzstan has opened city support centers for farmers to get up-to-date information from agricultural specialists, from how to plant seeds to how to get subsidies. Experts say that Kyrgyz farmers are often unable to use modern technology, which increases production costs. Five centers have been opened across the country. The project's primary goal is to create an information platform for farmers. The most common questions are what products are best to produce in specific areas, what seeds are needed, and how best to market finished products. Farmers are also interested in leasing agricultural equipment and obtaining loans from state banks. Mirkasym Alakhveranov, a long-time farmer and owner of a beet farm in Chui region, told The Times of Central Asia about the problems of Kyrgyz farmers. “We need farmer schools or advisory centers. Not everyone is ready to grow food according to all the rules. Besides, something new is emerging daily: science is moving forward, mechanization is improving, and chemistry is improving. And the country needs specialists who would follow all this and could explain it to the peasant,” Alakhveranov said. He said many non-professionals in Kyrgyz agriculture today need more knowledge. However, they desire to improve farming. In addition, farmers need more technical knowledge: most need to understand modern equipment. “There is a lack of modern agricultural machinery; farmers suffer losses. They cannot pay the loan for leasing, so they go bankrupt. Most companies selling special equipment do not train buyers to work with the equipment. We need to teach young people how to use modern machines, so they learn to use them confidently,” Alakhveranov said. Another problem plaguing Kyrgyzstan's agricultural sector is small-scale farming. Importers from Russia and Kazakhstan, where most agricultural products go, need large volumes of goods. The new support centers could raise awareness of Alakhveranov's beliefs on this issue and persuade farmers to join cooperatives.

zoo Government Legislation Culture

Uzbekistan Bans the Use of Animals in Circus Performances

From January 1, 2025, Uzbekistan will ban the use of wild animals in circus performances. This law will affect all circuses, including traveling ones. The ban also restricts individuals' right to keep wild animals at home. The list of animals who must not be allowed to perform in circuses was published on the UzA's Telegram feed. These animals can be kept only in specialized institutions such as zoos, terrariums, and oceanariums established by legal entities with a permit from the Ministry of Ecology. Several countries have laws prohibiting the use of wild animals in circus performances. Corresponding bans are adopted in most European countries, Cyprus, Malta, Hungary, Croatia, Germany, Estonia, Latvia, Finland, Denmark, Ireland, Greece, Croatia, Bosnia and Herzegovina, as in many states of the USA and Canada, in Israel, China, Singapore, Bolivia, Argentina, Brazil, Panama, Paraguay, Peru, Iran, Chile, El Salvador, Ecuador, Australia, India, Taiwan, and many other countries. Kazakhstan will ban petting zoos and dolphinariums from January 1, 2025. In Russia, a bill to restrict the use of animals in circuses was discussed in 2023, but the final decision has yet to be made.

economic Digitalization Government Finance Cryptocurrency Regulation National Bank

Kyrgyz Authorities Unhappy With The Dollar

The Kyrgyz Finance Ministry plans to set aside 20 billion KGS ($230m) to issue digital bonds and treasury bills. Kyrgyz Cabinet Chief Akylbek Japarov has said at a meeting with journalists that according to him, the central bank's monopoly on issuing money is ending. Japarov discussed the role of the U.S. dollar in the country's economy and emphasized that it has become a tool of political pressure. “We send payments, but they are delayed without explanation. Sometimes, the delays last up to three months. This hurts trade. If there is no money, there is no trade. I think a new toolkit will soon appear,” he stated. He said the BRICS organization is already working on alternative payment systems to support trade. Cryptocurrency, and any currency backed by the gold reserves of the countries that use it, can replace the dollar in international trade. “Now everyone who has a gadget can emit cryptocurrency into various cryptocurrencies. In Kyrgyzstan, we will work on this issue and have a crypto exchange,” Japarov noted. He noted that digital bonds and promissory notes issued by the Kyrgyz Finance Ministry will be backed by gold. Corresponding amendments to the legislation are already being submitted to Parliament for consideration. Earlier, the National Bank of Kyrgyzstan also announced the launch of a pilot project for the national digital currency, “digital som,” and the creation of a legal framework for it. The Ministry of Economy and Commerce of Kyrgyzstan also announced the creation of crypto banks that will work with virtual assets. “Given the rapid development of digital technologies and cryptocurrencies, creating a crypto bank represents an urgent need to integrate crypto assets into the country's traditional financial system. Cryptobank will ensure safe, regulated, and convenient interaction of citizens and businesses with cryptocurrencies”, noted the Ministry of Economy.

European Union Legislation Government International Cooperation Foreign Policy International Diplomacy

Uzbekistan and EU Look to New Areas of Cooperation

On November 5, the government of Uzbekistan and the European Union held the 7th meeting of their Subcommittee for Development Cooperation in Tashkent, Uzbekistan. The parties reviewed the EU’s ongoing projects in Uzbekistan and agreed to closer cooperation in transport, critical raw materials, digitalization, and territorial planning. As reported by the EU Delegation to Uzbekistan, the parties discussed the progress of the ongoing EU-funded project, “Further Improvement of Public Services Delivery in Uzbekistan,” which has increased Uzbek citizens’ access to public services in rural areas; projects addressing corruption; and budget support and expertise worth 27 million euro for agricultural reforms. The EU and the Uzbek government also addressed potential new areas of cooperation, such as critical raw materials, transport, territorial planning of urban and rural areas, and women’s economic empowerment. As part of the Multi-annual Indicative Program for 2021-2027, the EU will allocate around 43 million euros for new bilateral programs to be launched between 2025 and 2027. An additional 30 million euros will be allocated to regional programs supporting border security, digitalization, including access to the Internet, and national migration policies. The Multi-annual Indicative Programme for 2021-2027 sets the priorities for the EU-Uzbekistan cooperation. The priority areas are effective governance, green and digital growth, and sustainable agri-food sector. In April 2024, the European Commission and Uzbekistan signed a Memorandum of Understanding for a strategic partnership on critical raw materials (CRMs), which marked a significant step towards a diversified and sustainable supply of CRMs for green and digital transitions in both the EU and Uzbekistan. Rich in copper, molybdenum, and gold, Uzbekistan has the second-largest reserves of CRMs in Central Asia (after Kazakhstan).

France Government International Relations Tokayev Organization of Turkic States International Diplomacy

Tokayev Arrives on State Visit to France

Kazakhstan's President Kassym-Jomart Tokayev visited France on November 4-5, at the invitation of his French counterpart Emmanuel Macron. During the visit, high-level talks were held to strengthen cooperation in trade, economic, investment, cultural, and humanitarian spheres. In addition, Tokayev met with representatives of French business circles. French media also covered the visit. Le Monde noted that the talks between Tokayev and Macron focused on expanding economic ties and discussing joint projects in energy and infrastructure. Le Figaro emphasized the importance of cultural exchange between the two countries, mentioning plans to hold joint cultural events in the coming years. Kazakhstani officials said Tokayev's visit to France strengthened bilateral relations and opened new prospects for cooperation in various fields. On the eve of his visit, Tokayev published an article in the French newspaper Le Figaro titled “Kazakhstan is a strategic and reliable partner for France.” In the article, he outlined the main areas of cooperation with France and emphasized Kazakhstan's role in international diplomacy. Tokayev noted that global challenges such as climate change and migration require updated approaches to international cooperation. He highlighted the role of “middle powers,” of which Kazakhstan is one, in promoting global stability, emphasizing the country's commitment to a balanced foreign policy and support for peacekeeping efforts. Tokayev also expressed Kazakhstan's interest in cooperating with France in the fields of rare earth metals mining, development of “green” energy, and nuclear industry. He added that the upcoming referendum on the construction of a nuclear power plant in Kazakhstan will open up opportunities to strengthen Europe's energy security. Last year, these areas were discussed during Macron's visit to Astana. In addition, he emphasized Kazakhstan's role in ensuring Europe's energy security through the Middle Corridor project, which links Asia and Europe. In conclusion, he expressed confidence in promising cooperation with France to achieve global stability and prosperity. The leaders of Kazakhstan and France met in Astana precisely one year ago, in November 2023. Then Tokayev called the visit of Macron to Kazakhstan historic. At the enlarged meeting, Tokayev specified that, one-on-one, the leaders identified several priority areas for future cooperation, including energy, critical raw materials, renewable energy, transit, agriculture, and health care. At the same time, the French leader invited Tokayev to Paris in 2024. After his visit to Paris, Tokayev will travel to Kyrgyzstan on November 6 to attend the XI Summit of the Organization of Turkic States. The central theme of the OTS summit will be “Strengthening the Turkic World: Economic Integration, Sustainable Development, Digital Future, and Security for All.”