News

EBRD and EU support electricity upgrades in Osh, Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are continuing their program to modernize derelict public infrastructure in the Kyrgyz Republic with a new project in the southern Osh region.

ADB allocates $95 million to help rehabilitate North-South Corridor

The Asian Development Bank (ADB) has approved a loan and grant amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in the Kyrgyz Republic.

EBRD and EU boost finance for energy efficiency in Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD) and the European Union are stepping up their support to build a sustainable, green economy in the Kyrgyz Republic. The EBRD is extending a loan equivalent to $3 million in local currency to KICB to finance energy savings for businesses and residential homeowners under the Kyrgyz Sustainable Energy Financing Facility.

ADB funds the completion of Toktogul hydropower plant rehabilitation

The Asian Development Bank has approved the third and final phase of financial support to complete the rehabilitation of Toktogul hydropower plant, the largest and most important power plant in the Kyrgyz Republic, to increase reliability of national and regional power systems.

Q&A: Central Asia-South Asia Electricity Transmission and Trade Project (CASA-1000)

The CASA-1000 project is the first step towards creating the Central Asia-South Asia Regional Electricity Market (CASAREM), leveraging Central Asia's significant energy resources to help alleviate South Asia's energy shortages on a mutually beneficial basis.

ADB president calls for CAREC to boost regional cooperation efforts

In his keynote address at the CAREC Ministerial Conference, ADB President Takehiko Nakao said that in the current difficult global economic environment, CAREC countries should further strengthen regional cooperation and integration efforts.

KICB and EBRD support private Kyrgyz chain of petrol stations

The Kyrgyz Investment and Credit Bank (KICB) and the European Bank for Reconstruction and Development (EBRD) are continuing to support medium-sized private companies in the Kyrgyz Republic through a special joint-financing mechanism which makes it possible to offer larger and longer-term financing.

World Bank supports energy sector development in the Kyrgyz Republic

The World Bank’s Board of Executive Directors approved a $24 million Energy Sector Development Policy Operation for the Kyrgyz Republic. The operation will support the Kyrgyz Republic’s reforms aimed at long-term energy supply reliability, through a single tranche of a highly concessional credit of $13.2 million and a grant of $10.8 million to be paid directly to the Kyrgyz budget.

Additional financing to improve road connectivity in Kyrgyz Republic

The Asian Development Bank (ADB) and the Kyrgyz Republic signed around $15 million in additional ADB loan and grant financing for a project to improve national roads that are a key part of a strategic regional road corridor.

EBRD provides new funds for energy efficiency in Kyrgyz Republic via KICB

The EBRD has provided new lending to Kyrgyz Investment and Credit Bank (KICB), one of its partner banks in the Kyrgyz Republic, to increase financing for energy efficiency projects.