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Eurasian Development Bank and Kyrgyzstan to Focus on Investment and Development

in Economy / Kyrgyzstan - by


In Bishkek, a meeting took place between the Chairman of the Management Board of the Eurasian Development Bank (EDB), Nikolay Podguzov, and the Prime Minister of Kyrgyzstan, Akylbek Japarov. The bank's press service reported on this meeting.

Nikolay Podguzov highlighted that in 2023, the EDB allocated $92 million for new investment projects in Kyrgyzstan, marking a record amount since the bank started its operations in the country.

In 2024, the EDB will continue to focus on the development of project activities in Kyrgyzstan. Podguzov emphasized the bank's active support for projects in the digitalization sector. One such initiative is the project to create a system of electronic vehicle passports and the mobile application "Work in the EAEU." Through this app, users can access government and commercial services, obtain necessary documents, utilize digital services of the destination country, and get information on job vacancies in EAEU countries. Kyrgyzstan was the first country where the application was launched, and it is currently available in Russia and Armenia.

During the meeting, two important documents were signed:

- A contract to provide technical assistance for the purchase of equipment for the Bishkek CHP plant;

- Agreements to support the implementation of the project "Construction and maintenance of a bypass road around Uzgen."

The first project is financed by the Technical Assistance Fund and involves the acquisition and installation of equipment for the CHP plant. The total project cost is up to $537.5 thousand.

The second project aims to develop the road sector and transport accessibility in the Osh region, ensuring a high level of road safety and improving the environmental situation in Uzgen, including through the introduction of new information technologies for managing the toll road.

Akylbek Japarov emphasized the importance of implementing larger projects in the renewable energy sector, improving transport infrastructure through public-private partnerships, and supporting the private sector by providing preferential funds within the EDB's new strategy until 2026.