Bishkek, Aug 6, 2026 /Kabar/. On the sidelines of the VIII Kyrgyz-Russian Economic Forum in Cholpon-Ata, Yaroslav Mandron, Managing Director of the Eurasian Fund for Stabilization and Development (EFSD), noted that the economies of the Eurasian region have undergone a complex transformation over the past few years. Contrary to negative forecasts, their growth rates over the past five years have exceeded pre-pandemic levels. For example, Kyrgyzstan's average growth rate from 2021 to 2025 was 8.7%.
During the plenary session, Yaroslav Mandron emphasized: "We see that the countries of Central Asia continue to strengthen their position as one of the most dynamically developing regions of Eurasia. Kyrgyzstan is a shining example of this trend, demonstrating high rates of economic growth and an increasing role in the development of regional economic ties. For the EFSD, the key objective remains to ensure that this growth is sustainable, accompanied by maintained macroeconomic and financial stability, and creates long-term opportunities for development across the region."
Two factors contributed to the positive dynamics in the region:
- High-quality macroeconomic management. Central Asian countries, including Kyrgyzstan, the public debt-to-GDP ratio decreased, the budget deficit remained low, and international reserves increased.
- High business adaptability. This enabled the rapid reorientation of investment, financial, and trade flows.
"In the context of global changes, the role of integration and the development of a cooperation agenda between Russia and Kyrgyzstan through 2030 in industrial cooperation, logistics, digitalization, and investment is increasing. Strengthening the strategic partnership between the two countries, with the support of development institutions, will create new growth areas and enhance the resilience of our economies," the EFSD noted.
