“President Japarov outlines reasons for Cabinet’s ongoing borrowing”
Kyrgyzstan’s President Sadyr Japarov has announced that many of the loans received by the country today come under previously signed agreements. In an interview with Kabar news agency, Japarov stated that these loans are being spent on priority economic projects that are geared towards the development of the economy.
Japarov further highlighted that the country’s budget has doubled, and he intends to ensure that all grants and loans are carefully managed and accounted for. This move is aimed at preventing any form of corruption and embezzlement of funds, which has plagued the country in the past.
In the interview, Japarov spoke about the need for transparency in government transactions, stating that “every penny is under control now”. He expressed the belief that the country now has a strong economy, thanks to the prudent use of loans and grants.
Looking into the future, Japarov expressed confidence that by 2027, Kyrgyzstan’s GDP would double to reach two trillion soms. The President’s statement is a clear indication of his commitment to the economic development of Kyrgyzstan and his determination to make the country a vibrant and prosperous nation.
