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The government of Kyrgyzstan has decided to double the size of the economy – Rossiyskaya Gazeta

Date: July 14, 2024 Time: 14:23:15

According to him, the objectives facing the government are clear and the priorities are defined. One of the most important tasks is to ensure a high rate of economic development. The government plans to double GDP in six years (up to three trillion soms) and prepare the conditions to increase it six to seven times until 2050.

To achieve this goal, Kyrgyzstan, according to Akylbek Japarov, must meet several conditions. First, create a “highly developed, flexible and intelligent financial and banking sector.”

“We want the country to have a large and strong business sector and for long-term money to reach the republic and large investments in all sectors of the economy,” he explained a little earlier. “Therefore, we have begun active preparations for the launch of the country’s major corporations into international exchanges.

In the opinion of the Head of Government, an important role in this should be played by the National Stock Exchange, which the State has been intensively developing in recent months to activate the country’s financial market.

“For us, time is very important,” emphasizes Akylbek Japarov. “We are in a hurry to quickly build a country and improve the lives of our people.”

At the same time

The government of Kyrgyzstan invited commercial banks to create a unified ATM structure. Officials believe this will help reduce fees for interbank transfers and minimize financial institutions’ own costs for infrastructure development.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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