World Bank Chief Economist Owes a Bottle of Wine to Kyrgyzstan’s Cabinet Chief

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During a conversation with Hugh Riddell, head of the World Bank’s office in Kyrgyzstan, Akylbek Japarov, Chairman of the Cabinet of Ministers, shared an anecdote about a wager made with the World Bank’s chief economist.

“In 2022, at a World Bank session in Washington, your chief economist and I bet that Kyrgyzstan’s economic growth over the next 3-4 years would remain stable and exceed 7%. He doubted this was possible and was ready to wager a bottle of fine wine,” Japarov recounted at a recent event focused on Kyrgyzstan’s development.

Japarov highlighted the latest economic figures to underscore his point: GDP growth for the first 11 months of 2024 stands at an impressive 9%. Confident in his position, Japarov announced his intention to claim his winnings.

The anecdote reflects broader optimism about Kyrgyzstan’s trajectory. According to data presented by World Bank experts during discussions with the presidential administration, 89% of Kyrgyz citizens believe the country is moving in the right direction regarding political, social, and economic reforms​.

The World Bank is actively monitoring socio-economic trends in Kyrgyzstan through its “Listening to the Kyrgyz Republic” project. This initiative conducts monthly panel surveys of 1,500 households across all regions, using telephone interviews to track citizens’ well-being and gather insights into national development trends.

Anton Chipegin

Anton Chipegin

Anton was born and grew up in Bishkek, Kyrgyzstan. He worked as a television correspondent, editor and TV presenter on the main television channels of the republic, such as NTS and MIR 24, and also as an economic observer at international news agencies and other media resources of Kyrgyzstan.

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