The Kyrgyz Republic’s foreign debt reached almost $2.5 billion in July, according to a newly released report on the 1996-2010 foreign debt structure, published by the Ministry of Finance. Its external debt increased by more than $38 million compared with June, but decreased by a little more than $21 million compared with 2009.
The caretaker government issued a crisis response plan designed to address the most acute problems created by political turbulence in April and ethnic violence in June. The plan cites profound economic and social disruptions, sets strategic priorities and proposes specific measures to be undertaken in the short (2010) and medium (2011-2012) term.
Kyrgyzstan will harvest approximately 871,000 tons of wheat, which is 155,000 tons less than last year, reports minister of agriculture. A deterioration of the food security situation is anticipated.
The first session of the joint Kyrgyz-Kazakh working group for cooperation and reconstruction of Kyrgyzstan’s southern regions took place in Bishkek on July 15.
Kyrgyzstan will fulfill all of its international obligations, including the agreements with Kazakhstan on the Issyk-Kul lake resorts, according to Deputy Prime Minister Temir Sariev.
In both total and per capita GDP, the Kyrgyz Republic’s economy ranks as one of the poorest in Central Asia. Globally too, Kyrgyzstan is considered a low-income country.
