Core Insights - The Kyrgyz Ministry of Finance has released a policy report analyzing the risks facing the country's mid-term economic growth and budget revenue execution [1] Economic Risks - Geopolitical tensions and trade conflicts are leading to a global economic slowdown, contributing to instability in financial and commodity markets [1] - Fluctuations in energy and food prices are identified as major risks to Kyrgyz economic development [1] - Stricter immigration policies are resulting in reduced investment and remittance inflows [1] - Deteriorating global financial market conditions are increasing borrowing costs [1] - Decreased external demand from trade partners is negatively impacting Kyrgyz economic growth [1] - Natural and climate factors may have significant impacts, directly affecting the agricultural and energy sectors [1] Budget Revenue Risks - Risks to budget revenue execution include underperformance in economic and social development indicators [1] - A decline in gold production from enterprises such as the Kumtor gold mine is noted [1] - A drop in international gold prices is also highlighted as a risk [1] - Reduced imports from the Eurasian Economic Union and third countries are affecting budget revenue [1]