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Kyrgyzstan|economy|April 8, 2022 / 09:46 AM
Inflation in Kyrgyzstan is expected to remain high at about 15% in 2022 - ADB

AKIPRESS.COM - Inflation in Kyrgyzstan is expected to remain high at about 15% in 2022 and 12% in 2023, mainly from a more than 20% surge in fuel and gas prices that may push up prices of food and other items, said the Asian Development Bank.

The central bank is expected to maintain its focus on price stability, according to a new Asian Development Bank (ADB) report.

Increased gold exports should boost export growth this year and next, while resuming delayed infrastructure projects should boost imports.

Remittances are likely to fall in US dollar terms, reflecting lower demand for migrant workers and a weakened value of currencies against the US dollar.

ADO 2022 recommends continuing to develop a green economy to help drive sustainable growth, as this will significantly reduce risks to the environment, preserve natural ecosystems, and promote efficient resource use.

"This includes coordinating with private firms to provide incentives that would attract foreign direct investments in green technologies and encouraging firms to produce greener products," the ADB said.

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