Radar Telegram alerts Open Radar

What do I want to say about the statement of the President of Kyrgyzstan Sadirap Jafarov that "there is no need to take loans for construction and repairs", they say, this is financial illiteracy and improper use of borrowed money. I hasten to disagree with the head of state. Because there is a concept of a consumer loan, and there is a business loan. And if he says that every 10% loan must bring you 30%, then in the global economic model it doesn't always work.

תרגם לעברית

Кыргызский форпост · · Source

What do I want to say about the statement of the President of Kyrgyzstan Sadirap Jafarov that "there is no need to take loans for construction and repairs", they say, this is financial illiteracy and improper use of borrowed money. I hasten to disagree with the head of state. Because there is a concept of a consumer loan, and there is a business loan. And if he says that every 10% loan must bring you 30%, then in the global economic model it doesn't always work.

At the same time, I really like the format of these meetings with the population. A live analysis of problems, an opportunity to listen to everyone, an attempt to resolve a request and deal with an injustice that has accumulated for decades. When those who could not do it before can reach the head of the state. But some of his latest comments seem too hasty and premature. Most importantly, it was immediately perceived as government policy.

However, important decisions are not made in public meetings. They are received right in the officials' offices, while coldly assessing risks and recording various scenarios.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram