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Unemployment in Kyrgyzstan will rise among youth, outmigration accelerate without higher and more inclusive growth: IMF
AKIPRESS.COM - The Kyrgyz Republic needs higher and more inclusive growth to absorb the rapidly growing labor force. Otherwise, unemployment will rise especially for youth, outmigration accelerate, and the income gap with emerging markets widen, said the IMF in a statement following a remote mission in the context of the 2021 Article IV consultation with the Kyrgyz Republic.
This will require policymakers to guide the transformation of the economy from remittance and aid dependency to private sector-led growth underpinned by investment and exports. The government should seek to provide a market-friendly business climate, a stable legal framework, a competitive environment, and opportunities for human capital development. Structural reforms are needed in the following areas to address the main bottlenecks to growth:

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