Post by Cordoba Research Group

“The Kyrgyz Republic continues to post very strong growth, supported by domestic demand, rising wages, strong credit expansion and improving fiscal performance. The banking system remains liquid, the loan portfolio is growing quickly, and the National Bank of the Kyrgyz Republic is operating in an economy where confidence in the som has been improving as dollarisation falls and NPLs decline. Against that backdrop, our visit to the country this summer should offer a useful chance to see how much of this momentum is feeding through on the ground.” 📌 In this note, Cordoba Research Group looks at: - Why growth has remained strong even as the economy begins to moderate - How domestic demand, remittances and credit are driving expansion - What falling dollarisation and lower NPLs say about financial conditions - Where the main risks still sit, from elections to inflation and energy shortages 📩 Read the note here: https://lnkd.in/expHUYb8 (full note available in the Research Library) #Kyrgyzstan #CentralAsia #Macro #Banking #EmergingMarkets #CordobaResearchGroup