EDB to Support the Modernization of the Central Depository of the Kyrgyz Republic
Bishkek, August 7, 2026
The Eurasian Development Bank (EDB), the Central Depository CJSC, and the Russian-Kyrgyz Development Fund (RKDF) have signed a Technical Assistance Agreement to support the modernization of the accounting system of the Central Depository of the Kyrgyz Republic.
The project marks another milestone in the modernization of Kyrgyzstan’s capital market infrastructure, following the successful upgrade of the Kyrgyz Stock Exchange’s IT infrastructure with the support of the EDB and the RKDF. The new technical assistance project will focus on the further development of the Central Depository, a key market institution responsible for maintaining securities ownership records and ensuring the reliability of the capital market’s post-trade infrastructure.
The modernization is envisaged as part of the capital market reform currently being implemented in the Kyrgyz Republic. The project will upgrade the Central Depository’s accounting system and IT infrastructure, introduce electronic document management with all professional securities market participants, and enable the real-time exchange of securities transaction data.
The project also provides for the integration of the depository system with the Kyrgyz Stock Exchange and other record-keeping platforms, the enhancement of business processes and the regulatory framework, capacity building for specialists, and comprehensive technical and legal support throughout project implementation.
Alexey Skatin, Deputy Chairman of the Management Board of the Eurasian Development Bank:
"The development of modern financial market infrastructure is a prerequisite for building an efficient capital market. The modernization of the Central Depository will enhance the reliability and speed of securities transactions, expand opportunities for digital interaction among market participants, and establish a robust technological foundation for the further development of the financial sector."
Anarkan Nogoybaeva, Chief Executive Officer of Central Depository CJSC:
"This is a strategic project for the Central Depository. It will enable us to advance to a new level of digitalization, automate key processes, ensure the real-time exchange of information, and enhance the quality of services provided to all securities market participants. The modernization will lay the foundation for the further development of the capital market of the Kyrgyz Republic and its integration into the international financial infrastructure."
The project will enhance efficiency of Kyrgyzstan’s securities market, reduce transaction processing and settlement times, mitigate operational risks, and establish a modern digital infrastructure for the recording and safekeeping of financial instruments. It will also help strengthen investor confidence and further enhance the country’s investment attractiveness.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of December 2025, the EDB’s cumulative portfolio comprised 348 projects with a total investment of US $22,1 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The EDB is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.
The EDB Media Centre:
+7 (717) 255 84 84, ext. 4774, 2160