Regions and Countries

	Table of Contents
p. 17 of 20 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Kyrgyz Republic

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VI. Cofinancing and Catalyzing External Resources

45. Cofinancing has been an important feature of ADB operations in the Kyrgyz Republic. Of the 12 projects financed by ADB (with loans amounting to $386.2 million) five have involved cofinancing from sources such as IDA, DANIDA, Switzerland, OECF, OPEC Fund, and the Nordic Development Fund amounting to $110.28 million equivalent. ADB will continue to explore avenues of mobilizing cofinancing in conjunction with the lending programs for 2001-2003. In particular, a number of high-priority project proposals, such as investments in power and transport infrastructure, involve large amounts of funding. ADB and the Government have agreed to examine cofinancing opportunities with key donors for such projects. However, the Kyrgyz Republic is implementing an economic stabilization program with the assistance of the IMF which envisages no nonconcessional borrowing including Government guarantees for such loans. ADB cofinancing operations will focus therefore on official cofinancing in accordance with the PRGF program. Given the policy on nonconcessional borrowing including Government guarantees, there do not appear to be prospects for export credit financing and commercial financing.

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