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.
Gold prices were steady on Friday but remained on track for a weekly decline, as stronger-than-expected U.S. inflation data dampened expectations for ...
The California Coastal Commission on Thursday voted against a proposal by Elon Musk’s SpaceX to almost double its permitted annual Falcon 9 rocket l...
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securin...
U.S. President Donald Trump announced plans for new tariffs on steel and semiconductor imports, aiming to boost domestic manufacturing while offering ...
Two people were injured in a shooting near a mosque in the Swedish city of Örebro on Friday, police said....
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
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.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
Astana, the capital of Kazakhstan, is set to become a meeting point for musicians from across the Asian continent as it prepares to host the first-ever Silk Way Star vocal competition this August. The announcement was made during a press conference at the Kazmedia Center.
From factories to battery plants, Türkiye’s robotics surge is boosting output, quality, and global recognition.
Applied Materials warned of declining visibility and heightened uncertainty for the semiconductor sector, as U.S. export restrictions and shifting trade policies weigh on Chinese demand.
China’s factory output and retail sales growth slowed sharply in July, adding pressure on Beijing to deploy further stimulus as the $19 trillion economy faces weakening domestic demand and external shocks.
Armenian Prime Minister Nikol Pashinyan defended the U.S.-brokered peace accord, saying it's “not a zero-sum game” and a step toward regional cooperation benefiting all, including Russia and Iran.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment