IFC ready to invest $130 million in energy and water supply in Kyrgyzstan

On the sidelines of the IMF and World Bank Group Spring Meetings in Washington, Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev met withHela Cheikhrouhou, Regional Vice President of the International Finance Corporation (IFC) for the Middle East, Central Asia, Turkey, Afghanistan and Pakistan. The press service of the Cabinet of Ministers reported.

The parties discussed current IFC projects in Kyrgyzstan and prospects for expanding cooperation, in particular, in the areas of alternative energy, water supply, small and medium-sized businesses, and investments.

Adylbek Kasymaliev emphasized the importance of attracting private investment for the country’s sustainable economic growth and expressed gratitude to IFC for the support provided. Particular attention was paid to the efforts of the Cabinet of Ministers to improve the investment climate.

The Chairman of the Cabinet of Ministers also noted that the economy of Kyrgyzstan is in need of investments, which are a key factor in ensuring sustainable economic growth. He spoke about the ongoing reforms to reduce bureaucracy and transfer individual public services to the private sector through public-private partnership (PPP) and outsourcing mechanisms, aimed at reducing bureaucratic barriers and increasing trust in government institutions.

Hela Cheikhrouhou emphasized the positive changes in the investment climate of Kyrgyzstan and confirmed IFC’s interest in expanding its activities in the republic. She expressed readiness to consider new projects and areas of cooperation that meet the development priorities of the country.

In conclusion, Adylbek Kasymaliev expressed confidence in the further strengthening and expansion of fruitful cooperation between the Kyrgyz Republic and IFC, thanking it for its ongoing support in matters of sustainable development and economic growth of the republic.