EBRD adopts new country strategy for the Kyrgyz Republic

In the next three-year period covered by the new strategy, the Bank will continue helping various sectors of the Kyrgyz economy by promoting the private sector and stabilising the business operations in the country, the EBRD's press release reads.

The EBRD's key priorities under the new country strategy will be supporting local private enterprises, with a particular focus on the agribusiness sector, stabilising and developing the country's financial sector, and strengthening vital infrastructure.

The new strategy was adopted after an extensive consultation process involving civil society organisations in the Kyrgyz Republic, the Kyrgyz authorities, the international community and other important stakeholders.

"The EBRD has been playing an active role in the Kyrgyz Republic's development. It will continue to remain a key funding source, as well as a responsible institutional building partner for the country's banking sector and private sector development. With the new country strategy, we will be able to contribute to the recovery of the economy and revive investors' confidence in the Kyrgyz Republic," said Olivier Descamps, Managing Director for Turkey, Eastern Europe, the Caucasus and Central Asia.

The strategy spells out how the Bank, together with its partners, will help municipalities in the Kyrgyz Republic to have better services, including improved water and transport systems. This will be achieved by launching new projects to improve water supply, solid waste and public transport facilities in Bishkek and the country's southern regions.