IMF recommends Kyrgyzstan reducing public debt to below 60 percent of GDP by 2025

AKIPRESS.COM - The International Monetary Fund recommends Kyrgyzstan reducing public debt to below 60 percent of GDP by 2025.
This level of debt would still be higher than the pre-crisis 51.6 percent of GDP, but would provide some fiscal space to respond to future downturns, said Nick Gigineishvili, IMF Mission Chief for the Kyrgyz Republic.
"Once the health crisis is contained, we expect life to gradually return to normal; firms to begin hiring again, people who are unemployed to return to work, and borders to reopen to allow trade and travel. In this scenario, we project the economy to grow by 3.8 percent in 2021 and 6.4 percent in 2022. However, uncertainty remains high because the pandemic may take an unexpected turn," IMF said.