Attracting migrant remittances for investments into the Kyrgyz economy

According to economist Kubat Rakhimov, Kyrgyzstan has work to do if it is to ensure that laborers working abroad will make investments into the Kyrgyz economy. Specifically, he notes that the government needs to engage with the real economy and create attractive investment conditions. In this way, investments will happen naturally, including those coming from remittances sent from that laborers working abroad. It will also be important for financial institutions to create reliable tools that will allow money from remittances to easily be put into the financial and credit system for use in investments. Perhaps the most important step, however, is the creation of an investment securities market.

Source: ru.sputnik.kg