The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for the Kyrgyz Republic, set to last until 2029. The main focuses include supporting the private sector, developing sustainable infrastructure, and transitioning to a green economy, reports Akchabar.kg.
The bank aims to enhance the competitiveness of small and medium-sized enterprises (SMEs), which account for more than 35% of the country’s GDP, by improving access to financing and expert consulting services.
Special attention will be given to investments in renewable energy sources, water supply, and the modernization of transport and energy networks, including the Trans-Caspian Corridor. The EBRD will also assist Kyrgyz authorities in developing and implementing environmental policies, as well as improving corporate governance and digitizing state processes.
To date, the EBRD has invested nearly €979 million across 247 projects, making it a key partner in Kyrgyzstan’s economic development.
CentralasianLIGHT.org,
September 27, 2024