Volume 11 - Volume 11
Inefficiency of External International Financial Assistance on the Example of its Implementation in the Kyrgyz Republic
Abstract
The resent research is an analytical review of international assistance provided to the Kyrgyz
Republic in the course of fundamental political and economic reforms. The volume of assistance, its
main directions, its effectiveness and results are investigated. The republic, as a developing country,
continues to accept foreign aid, yet the results of the overall development remain an acute issue.
The external assistance provided to the Kyrgyz Republic did not significantly increase the flow of
external and internal investments, did not lead to an increase in the share of the gross product per
citizen, and ultimately did not reach its goal of reducing poverty. Instead, the country is gradually
plunging into the debt hole, entering into a cyclical pyramidal dependence on additional external
financial resources necessary to service the current debt itself.
Paper Details
PaperID: 2388
Author's Name: Tolobek K. Kamchybekov, Akylbek U. Japarov and Bakhtyiar Bakas Uulu
Volume: Volume 11
Issues: Volume 11
Keywords: External International Financial Assistance, External Debt, Efficiency Investments, State Budget, Energy, Transport, Corruption, Foreign Aid.
Year: 2021
Month: July
Pages: 3495-3515