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.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian offi...
U.S. President Donald Trump should proceed with imposing additional sanctions on Russia, as they could help bring the war in Ukraine to an end, Finlan...
Israel’s Security Cabinet has approved a new military plan to take control of Gaza City, marking a significant escalation in its nearly two-year con...
Russia and Ukraine have traded fresh strikes amid mounting international pressure to end the ongoing conflict, as the Kremlin confirms that President ...
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new fi...
Afghanistan is stepping up efforts to become a key transit hub between Central and South Asia, as new infrastructure projects with Kyrgyzstan, Turkmenistan and Uzbekistan move forward.
Kyrgyzstan's GDP surged 11.7% year on year in the first half of 2025, driven by gains in services, construction and production, despite a decline in external trade.
Kyrgyzstan and Tajikistan have signed 13 agreements during President Sadyr Japarov’s visit to Dushanbe, marking a new chapter in bilateral ties following the resolution of a decades-long border dispute.
Nestled in Central Asia, Kyrgyzstan emerges as a confident, proactive voice. In an exclusive talk with AnewZ, Foreign Minister Kulubaev shares a vision of resilient diplomacy, green growth, and cultural exchange, shaping a future on its own terms.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Russia’s aircraft industry has produced only one of 15 scheduled commercial jets this year, data shows, as sanctions, supply chain gaps and rising interest rates hinder domestic aviation ambitions.
President Donald Trump said Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan will join him at the White House on Friday for what he called an “Historic Peace Summit,” aimed at formally ending years of conflict.
The U.S. says it is too early to discuss details of any documents that may emerge from an upcoming Azerbaijan-U.S.-Armenia meeting.
On 7 August, President Ilham Aliyev of Azerbaijan met in Washington with Steve Witkoff, Special Envoy of the U.S. President. The two leaders witnessed the signing of a Memorandum of Cooperation between SOCAR and ExxonMobil.
The United States has proposed a comprehensive four-phase plan that calls for Hezbollah's full disarmament and the withdrawal of Israeli forces from five positions in southern Lebanon by the end of this year.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment