Inefficiency of External International Financial Assistance on the Example of its Implementation in the Kyrgyz Republic

Authors

  • Tolobek K. Kamchybekov
  • Akylbek U. Japarov
  • Bakhtyiar Bakas Uulu

DOI:

https://doi.org/10.47059/revistageintec.v11i4.2388

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.

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Published

2021-07-28

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Articles