Category: Reports

Download as PDF Executive Summary The Kyrgyz Republic has demonstrated remarkable economic resilience and dynamism between 2022 and 2024, achieving an average annual Gross Domestic Product (GDP) growth of 9%. This robust expansion was primarily fueled by a significant surge in re-export trade, buoyant domestic demand supported by strong remittance inflows and wage growth, and…

The stock exchanges of the Kyrgyz Republic are experiencing a period of unprecedented activity, with trading volumes surging to remarkable new highs, particularly in early 2025. This boom, most notably on the Kyrgyz Stock Exchange (KSE), signals a growing dynamism within the nation’s capital markets, driven by a confluence of factors including significant primary market…

Globally, ethical investing is transforming finance. Environmental, Social, and Governance (ESG) criteria are now key for evaluating corporate behavior and investments, identifying risks and opportunities beyond traditional financial analysis. Socially Responsible Investing (SRI) actively selects or disqualifies investments based on ethical guidelines, while Impact Investing prioritizes measurable, positive social or environmental outcomes alongside financial returns.…

The microfinance sector in Kyrgyzstan has seen remarkable growth over the past two decades, playing a vital role in expanding financial access for underserved populations. In 2003, the combined loan portfolio of microfinance organizations was approximately $53 million. By 2008, this figure had surged to $175 million, reflecting an impressive compound annual growth rate of…

The financial services sector in Kyrgyzstan is undergoing a digital transformation, reshaping how individuals and businesses access and use financial products. With a significant portion of the population residing in rural areas where traditional banking services are limited, digital solutions have become essential tools for increasing financial inclusion. In recent years, technological advancements and government…

The Role of Remittances in Kyrgyzstan’s Financial Sector Remittances play a critical role in Kyrgyzstan’s economy and financial sector, contributing significantly to household incomes, reducing poverty, and driving economic development. With a substantial portion of the population working abroad, particularly in Russia and Kazakhstan, the inflow of remittances has become one of the largest sources…