After achieving growth of nearly 11% in 2013, the Kyrgyz economy continued slowing in 2016 and is expected to settle at a moderate level in 2017.Kyrgyzstan is struggling as the other economies in the region and, more specifically, in Russia and Kazakhstan, its key trading partners, struggle.Given the slow rate of growth and the critical level reached by the public debt, fiscal consolidation is a key challenge.The current account deficit, which widened in 2016, should stabilise at a very high level in 2017.Why settle for the ordinary when you can have one of a kind?
The unclaimed attack on the Chinese embassy in Bishkek at the end of August 2016 highlights the security risks.
Its currency reserves, equal to 4.6 months of future imports of goods and services, are not large enough to reduce this risk.
The government, in power since the parliamentary elections of October 2015, resigned on 26 October 2016 after the Social Democratic (SDPK) party of the President Almazbek Atambayev left the coalition.
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