The European Bank for Reconstruction and Development (EBRD) has approved a new strategic framework for the Kyrgyz Republic, which will guide its operations in the country until 2029. This strategy aims to foster sustainable economic growth, improve infrastructure, and promote green development. With a strong focus on addressing key challenges, the EBRD is committed to supporting the Kyrgyz Republic's transition towards a more resilient and inclusive economy.
The first pillar of the strategy centers on enhancing private sector competitiveness and promoting greater inclusion. The EBRD will work to boost private sector productivity and expand access to export markets, aiming to diversify the Kyrgyz economy. Through its Trade Facilitation Programme, the Bank will stimulate trade and export activity. A key focus will be on increasing financial inclusion for underserved groups, such as women, youth, and communities in remote regions. Additionally, the EBRD will provide expert advisory services and professional training to small and medium-sized enterprises (SMEs), which contribute over 35% of the country's GDP, to strengthen their capacity and accelerate their development.
The second strategic pillar focuses on developing sustainable infrastructure and improving connectivity. The EBRD plans to invest in renewable energy projects and promote green energy generation. Efforts will also be directed towards ensuring water security through improved water sector management and irrigation systems. The Bank will finance the construction of new grid lines and capacity upgrades to enhance the efficiency of energy transmission and distribution networks. In the transport sector, the EBRD will fund the rehabilitation and expansion of key road and rail networks, including the Trans-Caspian Corridor, while also working to modernise the country's logistics sector.
The third and final pillar of the strategy promotes a green, resilient, and well-governed economy. The EBRD will support the Kyrgyz government in developing and implementing green policies, offering financial resources and advice to companies on climate risk management, governance, and investments. The Bank will expand its green finance programmes in collaboration with local institutions to help SMEs and households modernise production and address pressing environmental issues. Additionally, the EBRD will assist in public sector reforms, particularly in improving corporate governance in state-owned banks and enterprises, as well as advancing the digitalisation of public procurement processes.
With a track record of investing nearly €979mn across 247 projects in the Kyrgyz Republic, the EBRD is well-positioned to continue supporting the country’s development. Through this comprehensive strategy, the Bank aims to help the Kyrgyz Republic achieve sustainable economic growth and build a more resilient future.
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