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SECTION NEWS

EBRD invests in Kyrgyzstan about $300 mln for last three years

21/01/17 06:41, Bishkek – 24.kg news agency, by Suyunbek SHAMSHIEV

Over the past three years, the European Bank for Reconstruction and Development (EBRD) has invested about $300 million to Kyrgyzstan, EBRD Regional Director for Central Asia Neil McCain said at a meeting with Prime Minister of the Kyrgyz Republic Sooronbay Jeenbekov.

As noted, the Bank finances projects in the field of improving the municipal infrastructure, such as the rehabilitation of water supply and sewage systems, improved urban transport and solid waste management in Bishkek and Osh.

The Prime Minister spoke about the establishment of the Project Development Fund and called on the EBRD to participate in its capitalization.

"Business of Kyrgyzstan needs working capital in the preparation of investment projects at the international level and is facing problems of collateral loans. To address these issues, the Government is considering the establishment of a new financial instrument - Project Preparation Fund," press service quoted Prime Minister.

EBRD representative said that they focus attention on financing in the field of environmental projects and expressed readiness to continue close cooperation with Kyrgyzstan.


URL: http://eng.24.kg/economics/183820-news24.html
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National Bank of Kyrgyz Republic
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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