IBC Participated in the Manila Dialogue on Energy and Public Debt

From 31 August to 4 September 2026, the Manila Dialogue on the interlinkages between energy and public debt was held in Manila, Philippines.As part of the programme, Cholpon Djoldosheva, Deputy Executive Director of IBC, delivered a presentation entitled “Energy Investments and Long-Term Risks,” presenting the business community’s perspective on the key conditions needed to attract long-term investment in the energy sector.The presentation addressed issues of transparency, competition, regulatory predictability, project financing, and the quality of capital being attracted. Particular emphasis was placed on the importance of clear and stable conditions for investors prepared to operate in the country over the long term.

“IBC’s participation in the Manila Dialogue made it possible to present the position of Kyrgyzstan’s business community in an international discussion and to exchange experience with representatives of government authorities, financial institutions, and the expert community. For business, not only the volume of investment matters, but also the quality of the capital entering the country. The clearer and more predictable the rules are, the greater the opportunities to attract sustainable and responsible investors,” Cholpon Djoldosheva said.

The five-day event brought together representatives of government authorities, international financial institutions, the expert community, and the private sector. Delegations from the Kyrgyz Republic, the Republic of Tajikistan, and the Lao People’s Democratic Republic took part, along with international experts and specialists presenting the experience of various countries in Asia and other regions.During the first four days, participants reviewed international approaches to managing fiscal risks, disclosure of information related to power purchase agreements, regulation, competition, oversight, and risk allocation. Separate sessions were devoted to international practice and the experience of the Philippines, Ghana, Georgia, Pakistan, and other countries.The final day was dedicated to the high-level Manila Dialogue, which focused on the interlinkages between energy, public debt, and fiscal risks, as well as practical approaches to improving transparency, strengthening regulation, and advancing further reforms. Possible next steps for participating countries were outlined following the discussions.