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The EBRD invested over €744 million in the economy of the Kyrgyz Republic

September 15, 2019

A delegation from the EBRD’s Board of Directors visited the Kyrgyz Republic on September 13-14, 2019.

The visit will help the Directors to assess the progress of reforms taking place in the country, familiarize themselves with the Bank’s investments and meet a range of stakeholders.

Representatives from the Board of Directors included:

• David Avarello, Director for Belgium, Slovenia and Luxembourg

• José Brito, Director for Portugal and Greece

• Doug Nevison, Director for Canada, Morocco, Jordan and Tunisia

• Per Sanderud, Director for Norway, Finland, Latvia and Lebanon

• Taskin Temiz, Director for Turkey, Romania, Azerbaijan, Moldova and the Kyrgyz Republic

• Leander Treppel, Director for Austria, Israel, Cyprus, Malta, Kazakhstan and Bosnia and Herzegovina

• Frans Weekers, Director for The Netherlands, China, Mongolia, North Macedonia and Armenia

• Alain Beauvillard, Alternate Director for France

• Massimo Carnelos, Alternate Director for Italy

• Pablo Gasos, Alternate Director for Spain and Mexico

• Jane Macpherson, Alternate Director for the EIB

• Masaya Otsuka, Alternate Director for Japan

• Artem Shevalev, Alternate Director for Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro and Uzbekistan

During the visit to the Kyrgyz Republic, the Board Directors met Prime Minister of Kyrgyz Republic Muhamedkaly Abylgaziev, Minister of Economy and EBRD Governor Sanjar Mukanbetov, Minister of Finance Baktygul Jeenbaeva and Chairman of the National Bank Tolkunbek Abdygulov. The EBRD delegation visited projects financed by the EBRD and meet the diplomatic and business community and civil society organizations.

The EBRD has invested over €744 million in the economy of the Kyrgyz Republic with the majority of investments supporting private entrepreneurship. The Bank is actively working with the authorities on the mitigation of climate change related risks, including the provision of an uninterrupted water supply to households. The EBRD is paying special attention to the rehabilitation of public infrastructure and further increasing support to SMEs in the country.

The EBRD is the largest institutional investor in Central Asia, with close to €13.4 billion (US$ 14.7 billion equivalent) committed to 807 projects in a variety of sectors, from infrastructure to agriculture, with a focus on private-sector development.