USD 69.84
EUR 78.88
RUB 1.05

President of Kyrgyzstan believes that bankruptcy is not threat to country

«Taking into account the stable solvency of Kyrgyzstan on the state external debt for medium and long periods, bankruptcy is not a threat to the country,» Kyrgyz President Sooronbai Jeenbekov said in an interview with the Russian TASS agency.

According to him, the national debt of the country is stable and no risks associated with servicing the public debt are expected. Repayment of loans will be carried out from the republican budget, and there are necessary resources for this.

«This is also confirmed by the analysis of the debt sustainability of the republic conducted by the team of the International Monetary Fund, where it is noted that the level of Kyrgyzstan’s debt still corresponds to a moderate risk of a critical debt situation. The public debt is expected to be manageable in the medium and long term,» the president said.