The World Bank has approved $101 million in financing for the First Sustainable and Inclusive Growth Development Policy Operation in the Kyrgyz Republic. It will provide a budgetary support to the government in implementing a broad set of reforms.
As part of its goal to achieve an upper-middle-income status by 2030, the Kyrgyz government is advancing a bold reform agenda to drive socio-economic development. The reforms will be focused on securing a sustainable energy supply, improving the delivery of social services, and strengthening both fiscal sustainability and the overall business climate.
“This Development Policy Operation reflects our strong partnership with the Kyrgyz Republic and our shared goal – to deliver tangible results for people,” said Hugh Riddell, World Bank Group Country Manager for the Kyrgyz Republic.
“As the country advances with the landmark Kambarata-1 Hydropower Project, the reforms supported by this operation will help create jobs, build skills, and establish the right conditions to ensure the project delivers lasting and inclusive benefits for all,” he concluded.
The World Bank financing will support the Kyrgyz government’s reforms across three main areas:
Energy Sector: The reforms seek to modernize the energy sector, expand access, and support broader economic transformation. Key measures include revising electricity and heating rates while safeguarding vulnerable households, increasing transparency, and attracting private investment in renewable energy.
Social Services and Resilience: The reforms aim to ensure that economic growth benefits vulnerable populations. The focus will be on improving education outcomes, scaling up targeted social programs, and modernizing water infrastructure while addressing regional disparities and promoting equitable access to services.
Fiscal Sustainability and Business Environment: The reforms aim to strengthen fiscal stability and create a more favourable environment for private investment. Measures include modernizing key legislation to enhance transparency, competition, and investor confidence.
The First Sustainable and Inclusive Growth Development Policy Operation is financed through the International Development Association (IDA), the World Bank Group’s concessional lending arm. The funding package consists of a $68 million zero-interest credit, to be repaid over 50 years, and a $33million zero-interest, shorter-maturity loan with a 12-year repayment term and a 6-year grace period during which no repayments are required.
This combination of highly concessional and low-cost financing aims to provide the Kyrgyz Republic with affordable and sustainable financial support for its development priorities.
Kyrgyzstan's First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev met with Gazprombank First Vice President Oleg Melnikov during the St. Petersburg International Economic Forum to discuss strengthening financial cooperation.
Chinese President Xi Jinping stated that China-Kyrgyzstan relations have reached their strongest point in history. He made the remarks during a meeting with Kyrgyz President Sadyr Japarov on the sidelines of the 2nd China-Central Asia Summit in Astana, Kazakhstan.
The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.
Kyrgyzstan has begun building its first-ever wind power plant, marking a major step toward clean energy and regional electricity trade.
Kazakhstan and Kyrgyzstan have agreed to coordinate efforts in monitoring and controlling locust infestations along their shared border, as concerns mount over potential threats to regional agriculture.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Vietnam’s government announced on Tuesday that it plans to sign an agreement with Russia in August to build the country’s first nuclear power plant.
The Netherlands will deliver a 100 drone-detection radars and 20 medical evacuation vehicles to Ukraine under a new €175 million ($202 million) military aid package, boosting its ongoing support for Kyiv ahead of the NATO summit this week.
An international conference titled “Towards the Decolonization of Guadeloupe: Challenges and Perspectives” will be held in Baku on June 25, highlighting the island's long-standing struggle against colonial rule.
The European Union will provide €20 million in humanitarian aid to support vulnerable refugees in Türkiye. This funding will be directed to humanitarian partners working closely with Turkish authorities to address refugees’ essential needs, including protection, health, water and sanitation, etc.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China’s annual “Two Sessions” meetings, held from March 4 to 11, offered fresh insight into the country's climate and energy outlook for 2025.
The 11th MINEX Central Asia Forum took place in Tashkent under the theme “Forging Central Asia's Role in Global Critical Minerals Security”, gathering stakeholders from across the region to explore collaboration and investment opportunities in the mining and critical minerals sector.
Uzbekistan and Russia have signed a new agreement to explore the construction of a large-capacity nuclear power plant, while also revising plans for a previously announced small modular nuclear power plant (SMR).
China has nearly doubled its naphtha import quotas for 2025, issuing a second batch of allocations to chemical companies as demand surges and cheaper alternatives like propane and ethane face supply disruptions, according to six trade sources.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Vietnam’s government announced on Tuesday that it plans to sign an agreement with Russia in August to build the country’s first nuclear power plant.
The Netherlands will deliver a 100 drone-detection radars and 20 medical evacuation vehicles to Ukraine under a new €175 million ($202 million) military aid package, boosting its ongoing support for Kyiv ahead of the NATO summit this week.
An international conference titled “Towards the Decolonization of Guadeloupe: Challenges and Perspectives” will be held in Baku on June 25, highlighting the island's long-standing struggle against colonial rule.
The European Union will provide €20 million in humanitarian aid to support vulnerable refugees in Türkiye. This funding will be directed to humanitarian partners working closely with Turkish authorities to address refugees’ essential needs, including protection, health, water and sanitation, etc.
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