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National Bank says obscure effect of world crisis is biggest Kyrgyzstan’s threat

Business Materials 12 January 2009 11:20 (UTC +04:00)

The Kyrgyz National Bank foretells that the most dangerous threat for the country's economy in 2009 will be uncertainty of the world crisis's effect, reported 24.kg.

The Main Trends of Currency-Credit Policy 2009-2011 recently released by the Kyrgyz National Bank divides all economical risks for the country into internal and external ones. The external risks are the following: uncertain gold and energy carriers' prices, slump in demand for Kyrgyz commodities in the region, cutback in working places in Russia, Kazakhstan and other countries, slowdown of commercial banks' investments and food safety.

Among the internal risks the bank names energy issues, uncertainty of the new Tax Code impact on the budget income and on the general economy, natural gas tariffs rise and non-fulfillment of predicted tax budget indices.

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