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ADB Launches New Partnership with the Kyrgyz Republic
The Country Partnership Strategy includes reforms to improve the business environment; expanding affordable finance; and improving the reliability of electricity.
BISHKEK, KYRGYZ REPUBLIC – The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.
The CPS defines ADB's strategic approach to the country and is closely aligned with the national development strategy. The CPS also complements efforts by other development partners in the Kyrgyz Republic.
“The CPS will allow ADB to help the government prioritize inclusivity by addressing key constraints to economic growth, improving the investment climate, and promoting access to economic opportunities,” said Rie Hiraoka, Country Director of ADB’s Kyrgyz Resident Mission.
The main provisions of the CPS include helping reform legal and regulatory frameworks to improve the business environment; expanding access to affordable finance across the country; and improving the reliability of electricity services. Other CPS priorities are promoting employability, enhancing connectivity; and reducing regional disparities in infrastructure and services.
In addition, ADB will continue to support the government’s push to strengthen regional ties through the Central Asia Regional Economic Cooperation (CAREC) Program, under which transport connectivity will continue to be important.
To enhance regional connectivity, ADB may support trade facilitation; improve customs and logistics along the regional corridors; and upgrade quality control, especially of agriculture and livestock products.
ADB will also support essential regional energy sector projects, as the energy sectors of the Kyrgyz Republic, Kazakhstan, Tajikistan, and Uzbekistan are heavily interdependent.
In 2013-2017 ADB will provide its support to the Kyrgyz Republic through the existing portfolio of projects and through new grants and loans totaling $472 million.
ADB began its operations in the Kyrgyz Republic in 1994 and has invested $1.2 billion, including $820.4 million for loans, $ 331.8 million for grant projects, and $47.5 million in technical assistance.