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Kyrgyzstan: Lavish Spending Drains Coffers, Racks up Debt

Kyrgyzstan is a fiscal train wreck waiting to happen. The Kyrgyz government is spending with abandon, even though it inherited an economy that was already in sorry shape. Foreign donors, meanwhile, are growing increasingly wary, as concerns mount about Bishkek’s reluctance to tackle transparency concerns.
 

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Alisher Khamidov is a freelance writer specializing in Central Asian affairs.

Kyrgyzstan: Lavish Spending Drains Coffers, Racks up Debt

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