President of the Asian Development Bank (ADB) Masato Kanda announced at a press briefing in Bishkek that Kyrgyzstan will receive a major support package: $300 million in concessional financing for the construction of the Kambar-Ata HPP-1, and an additional $700 million that the bank is ready to invest in the country’s economy over the next three years, reports Economist.kg.
According to Kanda, the ADB views Kambar-Ata HPP-1 as a strategic project essential not only for strengthening energy security but also for improving water resource management across Central Asia. Funding will be provided in stages, with $140 million allocated in the first phase.
The ADB also intends to support Kyrgyzstan’s climate and energy agenda — expanding renewable energy, introducing innovative technologies such as floating solar stations, and improving the energy efficiency of public buildings.
Financing plan for 2025–2027
Against the backdrop of economic growth and improved fiscal stability, the bank plans to deepen cooperation with Kyrgyzstan. For 2025–2027, $700 million has been reserved for three priority areas:
- support for the private sector and small and medium-sized enterprises;
- development of major infrastructure in the energy and water sectors;
- strengthening climate resilience and disaster risk reduction.
Investment in CAREC through 2030
Masato Kanda also outlined ADB’s plans for the Central Asia Regional Economic Cooperation (CAREC) program, currently chaired by Kyrgyzstan. By 2030, the bank intends to invest $10 billion to enhance regional connectivity — including transport corridors, digital infrastructure, and projects improving access for remote regions.
“We firmly believe that the benefits of regional development must reach the most vulnerable and remote communities,” the ADB president emphasized.
CentralasianLIGHT.org
20 November 2025