16:23, 16 июня 2026, Bishkek - 24.kg news agency , Aizada KUTUEVA
The state intends to borrow $1.9 billion in 2026. Deputy Finance Minister of Kyrgyzstan, Umutzhan Amanbaev, stated at a meeting of the Zhogorku Kenesh Committee on Finance, Budget, Entrepreneurship, and Competition Development.
Deputy Dastan Bekeshev noted that Kyrgyzstan is attracting numerous loans from IDA, ADB, and other donors and asked about the total amount of loans attracted this year and whether the country will be able to service this debt.
The Deputy Minister noted that the amount in question is approximately $1.7 billion.
«We will be able to service the debt. Currently, the public debt to GDP ratio is 41.7 percent. And the limit is 70 percent. By 2023, according to forecasts, taking into account the loans we are currently taking, we intend to reduce the level of public debt to 23 percent,» Umutzhan Amanbaev noted.
However, Dastan Bekeshev listed how much and from whom Kyrgyzstan borrows, noting that, according to his calculations, the amount exceeds $1.7 billion. It is about $1.9 billion.
The deputy minister acknowledged that the amount of loans for 2026 is $1.9 billion.
The meeting participants considered the draft Law «On Ratification of the Framework Agreement on the Financing Plan for 2026-2027 between the Kyrgyz Republic and the Asian Development Bank, signed on May 3, 2026, in Samarkand» (submitted for first reading).
As the Deputy Minister of Finance noted, the framework agreement is aimed at developing priority sectors of the economy and creating conditions for the country’s social and economic growth within the framework of the National Development Program of the Kyrgyz Republic until 2030.
The total amount of financing for 2026-2027 will be up to $450 million in concessional lending from ADB’s regular capital resources. Some of these concessional loans may be replaced or supplemented by grants from ADB’s special funds. The amount of such grants will be determined in accordance with ADB’s policy on concessional assistance.
It is also worth noting that additional financing from ADB’s special funds (Green Climate Fund, Japan Fund) in the amount of $50 million will be provided under the framework agreement.
Financing will be provided for a term of 32 years with an 8-year grace period and a fixed interest rate of 1 percent during the grace period and 1.5 percent outside the grace period.