BAKU ( WNAM MONITORING): The Kyrgyzstan has one of the youngest and fastest-growing populations in the region, creating significant potential for economic growth. This was announced in a report published by the International Monetary Fund (IMF).
“The Kyrgyz Republic has a young and growing population, with one of the highest shares of youth in the region,” the IMF said in its report.
According to the Fund, the country’s demographic profile presents important opportunities for economic expansion. However, most new entrants to the labor market continue to find employment in the informal sector.
The IMF noted that the informal economy employs about 65 percent of the workforce and accounts for an estimated 19 percent of GDP, with informal activity concentrated mainly in trade, construction, and services.
Citing the World Bank, the report added that around 50,000 people enter Kyrgyzstan’s labor market each year.
