The World Bank has planned to provide $500 million in financing to Kyrgyzstan as part of a new five-year partnership framework. These investments will be directed toward various sectors, Economist.kg reports.
Under the new partnership framework, the World Bank aims to support the economic transformation of Kyrgyzstan through consultations and technical assistance. Approximately $500 million in project financing has been planned for these purposes.
The new investments will be focused on priority sectors, including energy, water resources, and agriculture in Kyrgyzstan.
"The overall mission of the World Bank is to eradicate extreme poverty. The World Bank's program in Kyrgyzstan currently consists of 22 projects supporting the modernization and development of various sectors, with commitments totaling over $1 billion," the World Bank stated.
CentralasianLIGHT.org
November 1, 2023