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.
ADB to help modernize Kyrgyz Republic’s largest power plant The Asian Development Bank (ADB) is extending an assistance package of $110 million to help upgrade the Kyrgyz Republic’s largest power plant, Toktogul, which produces 40% of the country’s electricity supply and regulates power frequency for Central Asia.
For the first time in Kyrgyz Republic, EBRD, and EU celebrate sustainable energy achievements The first awards ceremony for achievements in sustainable energy has been held in Bishkek, the capital of the Kyrgyz Republic, for work carried out under the European Bank for Reconstruction and Development’s Kyrgyz Sustainable Energy Financing Facility.
ADB president visits Kyrgyz Republic to strengthen partnership, attend CAREC ministerial meeting Asian Development Bank (ADB) President Takehiko Nakao met with President Almazbek Atambaev and Prime Minister Djoomart Otorbaev during his two-day visit to the Kyrgyz Republic to discuss ADB’s support for the government’s development agenda, and the need to continue the focus on poverty reduction and inclusive growth.
[INFOGRAPHIC] Kyrgyz Republic and ADB: A bright future for the heart of Central Asia Over 20 years of partnership with the Kyrgyz Republic, ADB has helped to ensure the reliability of electricity services, provide people with employable skills, and enhance the country's transport and communications network.
The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.
The CAREC Corridors – Linking the Mediterranean and East Asia In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.
The CAREC Corridors – Linking Europe and East Asia In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.
New World Bank project to increase regional transport connectivity in Central Asia The World Bank Group’s Board of Executive Directors approved an allocation of $45 million equivalent to finance the first phase of the transformative Central Asia Roads Links Program, to be implemented in the Kyrgyz Republic in 2014-2019.
