Kyrgyzstan – Akylbek Japarov, the Prime Minister of Kyrgyzstan, declared at a Parliament meeting that the country has overcome its fear of state debt. He emphasized the need for a surplus in the budget to meet creditor obligations, acknowledging that new loans might be required to pay off existing debt. Japarov outlined a schedule for debt repayment, with significant amounts due over the next few years.

According to 24.kg News Agency, He further explained that by 2030, the goal is to bolster the economy sufficiently to repay all debts. Japarov stressed the importance of political stability for achieving these objectives, stating that those opposed to this plan are against an independent Kyrgyzstan. The Prime Minister announced a shift in state policy regarding external debt, focusing investments not on reforms but on the real sector.

Japarov also highlighted the financial management of state property, stating that past practices involved corruption and mismanagement. He reported that after consolidating and liquidating unprofitable joint-stock companies (JSCs), there has been a significant increase in profits from state property, with a 15-fold rise compared to 2020. This increase in income, he noted, is a result of the government’s anti-corruption efforts and improved management of state assets.