Inflow of remittances to Kyrgyzstan to grow by 5-10 percent

Inflow of remittances of migrants may grow by 5-10 percent in 2019-2020. Gulkair Tentieva, Chief Economist at the Asian Development Bank, said at the presentation of ADB report "Asian Development Outlook 2019."
Related news Migrants transfer $ 344.6 million to Kyrgyzstan for 2 months of 2019 According to her, Kyrgyzstan's accession to the Eurasian Economic Union contributed to improvement of the indicator. In addition, economic growth in Russia has a positive effect. At the same time, it is expected that the republic's international monetary reserves will remain at the level of $ 2.2 billion.
"As of today, the Kyrgyz Republic is vulnerable to the adverse effects of climate change and extreme weather conditions. Natural disasters caused by natural hazards occur frequently and cost the country's economy about 1-1.5 percent of gross domestic product annually," Gulkair Tentieva stressed.