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Boosting Small Business Competitiveness

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ACTED-UNDP Report on the effects of COVID-19 on MSMEs in Kyrgyzstan

In collaboration with the UNDP, ACTED carried out a survey and impact assessment of COVID-19 on MSMEs in Kyrgyzstan. Results have been drastic, be it:

  • 72% of all MSMEs, including the tourism sector, indicated they lost all income in the two months following the lockdown;
  • 52% of MSMEs in the tourism sector had to send (part) of their staff on unpaid leave;
  • 65% of MSME’s with outstanding loans in the tourism sector stated that they would not be able to make their scheduled loan repayments, risking a possible default on their outstanding loans. This percentage was even higher (72%) for woman-led MSMEs.
Please klick on the report to read it. The report has been funded by the UNDP.

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European Union Delegation to Kazakhstan

Youri Skaskevitch, Programme Manager, youri.skaskevitch@eeas.europa.eu

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  • Home
  • The EU and Central Asia
  • Second EU-Central Asia Economic Forum, 18-19 May 2023, Almaty Kazakhstan
  • About the EU Central Asia Invest Programme
  • News and Events
  • Library
  • English