Corporate Regulatory Frameworks

Kyrgyz Republic

The Institutional Strengthening of the Financial Sector technical assistance (TA) helped build capacity in the National Bank of Kyrgyz Republic, the National Securities Commission, the State Insurance Supervisory Authority, and the Kairat Bank.

These measures included the transfer of NPLs from the Kairat Bank to the state assets management company and the recapitalization of the KB. As a consequence, the KB has operated profitably since May 2001.

The TA grant for Strengthening the Capacity in the Office of the President was instrument in strengthening the Economic Policy Department (EPD) of the office of the President and supporting formulation and finalization of the Country Development Framework (CDF) to 2010.

The CDF Secretariat was set up recently under the aegis of the EPD and has improved coordination between key public agencies in developing appropriate national policies and advice to the President.