AKIPRESS.COM - Kyrgyzstan’s external debt is at a completely safe level, Chairman of the Cabinet of Ministers Akylbek Japarov said on November 7 at the meeting with media.

"Today it’s time to take money for huge projects and move further. Many fear that the external debt will grow, and do not understand that the money received in time and used effectively create a reactive speed," he said.

The Asian Bank for Reconstruction and Development holds a meeting in Samarkand, and the government of Uzbekistan signs an agreement for $5 billion on 5% of the credit funds for infrastructure projects, the Chairman of the Cabinet of Ministers noted.

Japarov also said that the gold price increased from $1,800 to $2,800 per ounce.

"The time passes, we should manage to implement our wishes and plans, our special economic projects in time.

To date, our debt is at safe level. The decision has been made and it is a target. We will rely on domestic investmentsin securities, gradually going to the Chinese funds markets.

The decision has been made, and it is a target, we will rely on domestic investments in securities, gradually going to the Chinese background markets.

The Ministry will now issue its treasury bonds on the Chinese stock market. We have a low rating, and we are working on it.

If you notice, we have a bank excess liquidity of 50-60 billion soms. The state companies have too large deposits. They started working well, 30-40 billion soms are on deposits of state companies. All this money should be directed to the budget," Japarov said.

According to him, on November 6, the Cabinet of Ministers prepared all documents on the write-off of Turkey’s debt to Kyrgyzstan for $62 million, but it turns out that the Ministry of Finance has already paid off $4 million as of October 1.

"We will write off $58 million. We are not behind the schedule for paying our debt for one second. This is an indicator that the economy is growing and moving forward normally," he said.