Money transfers from abroad are crucial for Kyrgyz families, making up 25% of their income, rising to 40% in the south. The National Bank of the Kyrgyz Republic Chairman highlighted a decreasing reliance on migration earnings, focusing on building a "return economy."
The migration balance has turned positive, with more people returning to Kyrgyzstan than leaving. Job opportunities have grown by 80,000 in three years, surpassing 620,000 positions. This growth has led to a shortage of labor, indicating a faster job creation rate than labor supply.
Returning migrants are now establishing businesses, marking a shift towards sustainable economic growth. The government and banks are responding by introducing grant programs and microfinancing. The results are evident: the number of small and medium-sized enterprises has increased to 19.1 thousand, representing 47.3% of the GDP, up from 39.8%.