Kyrgyz authorities intend to ensure average annual GDP growth of 8% by 2030

BISHKEK. Oct 21 (Interfax) - The task has been set to ensure an average annual real GDP growth rate of 8% in Kyrgyzstan by 2030, Kyrgyz President Sadyr Japarov said.

"We intend to achieve a number of target indicators by the end of 2030. The main ones include ensuring macroeconomic stability, ensuring an average annual real GDP growth rate of 8%, and an annual increase in the inflow of direct foreign investment of 20%," Japarov was quoted as saying by the presidential press service at a national meeting with the heads of state bodies.

Japarov instructed the government and central state bodies to take appropriate measures to implement the outlined tasks; together with the judicial authorities, to develop a unified concept for protecting private property and supporting entrepreneurs providing, among other things, for reorienting the activities of state bodies towards protecting the rights of citizens and business, and also to continue work on simplifying procedures for obtaining permits, concluding investment agreements and supporting investors.

"Implementing the planned measures will make it possible to strengthen the economic potential of the state, ensure large-scale socio-economic transformations in the country and steadily improve the well-being of every family," Japarov said.