International rating agency Fitch Ratings has for the first time assigned Kyrgyzstan a long-term credit rating of “B” with a “Stable” outlook, thus confirming positive expectations for the sustainability of the country's economy.

Fitch notes that the economy of Kyrgyzstan continues to demonstrate stable growth, an average of 9% per year from 2022 to 2024. This high growth rate is driven by robust trade, significant capital inflows and an investment boom in the construction sector.

The Agency also highlights Kyrgyzstan's strong fiscal position. Since 2021, the republic has maintained strong fiscal performance and achieved budget surpluses in 2023 and 2024, made possible by higher tax collection and a more diversified tax base. By these indicators, Kyrgyzstan outperforms many similarly rated countries.

The key drivers of future growth, according to Fitch, will be investment in the energy and mining sectors, as well as positive demographic trends and the government's efforts to diversify and formalize the economy.

The rating was the result of systematic work by the Cabinet of Ministers to improve the transparency, sustainability and investment attractiveness of the economy. This achievement strengthens Kyrgyzstan's position in international financial markets and opens new opportunities for attracting foreign investment and diversifying sources of financing.