Bishkek, Aug. 12, 2026. /Kabar/. The peak of Kyrgyzstan's external debt repayments will fall in 2026-2028, after which the volume of payments will begin to decrease. Doctor of Economic Sciences, Professor Guras Zhaparov told local radio.
According to him, public debt is divided into external and internal debt. The main donors for external debt include the International Monetary Fund, the Asian Development Bank, and the Export-Import Bank of China.
“Since independence, the peak of external debt repayments will be in 2026-2027-2028. This is the period when we will pay the most. After that, it will begin to decrease,” said Zhaparov.
The expert noted that when issuing external debt, international financial organizations and states take into account the country's economic situation. In his opinion, the debt issue should be viewed as an economic and financial issue, without giving it a political dimension.
“Most often, external debt is turned into a political force by our people and some other forces. However, this is a purely economic issue. Therefore, there are ministries and bodies that solve the external debt issue, and they control it,” he said.
According to Zhaparov, the volume of Kyrgyzstan's public debt is approaching $10 billion, which is about 40 percent of the country's gross domestic product. As he noted, the country's GDP has currently reached approximately 2 trillion soms, or $24-25 billion.
At the same time, the structure of public debt is characterized by an increase in domestic debt. Since the beginning of the year, domestic public debt has increased by $1 billion 166 million and amounted to $4 billion 739.6 million at the end of May. On the contrary, external debt has decreased by $133 million.
The professor noted that the country's economy is growing at a high rate, noting that on average economic growth is above 10 percent.
"GDP is the price of the gross volume of goods produced and services provided during the year. There is no need to politicize external debt. This is a purely financial, economic issue. The state will pay, the state has the ability to pay," said Guras Zhaparov.
