The EDB conducts a workshop for the Financial and Credit Fund at the Ministry of Finance of Kyrgyzstan
Bishkek, 24 May 2024. On 22 May, the Financial and Credit Fund at the Ministry of Finance of the Kyrgyz Republic (“Fund”) hosted a workshop featuring experts from the Eurasian Development Bank (EDB) and Fund staff.
The workshop aimed to inform Fund staff about EDB operations, forms of project finance, the investment process, the Technical Assistance Fund (TAF) and key investment mega-projects in Central Asia.
EDB speakers emphasised the Bank’s ongoing support for new projects in strategic areas to promote economic growth in Kyrgyzstan. They highlighted that the Kyrgyz Republic accounted for approximately 25% of all funding provided by the TAF from 2020 to 2023. During that period, the TAF participated in several initiatives, including projects in energy, transport, tourism and public administration.
In 2024, the EDB plans to implement several projects, including the modernisation and development of the Kyrgyz Stock Exchange (KSE), the rehabilitation of the Bishkek power system and the verification of green and social bonds for housing construction in Bishkek.
The workshop strengthened interactions between the EDB and the Fund and enhanced Fund employees’ awareness of financial and investment cooperation.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 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 Technical Assistance Fund (TAF) is a special fund helping to create enabling conditions for investment and development projects in the Bank’s member countries. The Fund operates to enhance the Bank’s ability to finance investment projects that are in line with its mission. The TAF supports potential borrowers at the project preparation stage as well as national governments and organisations whose projects promote the institutional environment, economic development and growth. The Fund is financed from the Bank’s net profit and donor funds.
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