BISHKEK, KYRGYZ REPUBLIC (28 September 2023) — The Asian Development Bank (ADB) has partnered with the Public–Private Partnership Center in the National Investment Agency under the President of the Kyrgyz Republic to help the country develop public–private partnerships (PPP) in high potential sectors—such as digital, renewable energy, social, and urban mobility—and spur growth.

The partnership was formalized through a memorandum of understanding signed today on the sidelines of the Second International PPP Conference in the Kyrgyz Republic. 

“Mobilizing private sector funds to develop PPPs in the Kyrgyz Republic will spur economic growth, create jobs, and enhance people’s quality of life,” said ADB Country Director for the Kyrgyz Republic Zheng Wu. “ADB has a long track record of implementing PPPs in the region. We have begun working with government agencies and stakeholders to help unlock the great potential of renewable energy in the Kyrgyz Republic.”    

Building on its solid PPP development experience in Asia and the Pacific, ADB will support the Kyrgyz PPP Center by identifying, preparing, and implementing PPP projects. ADB’s support will be offered to both central and regional entities and can include advice on policy and regulatory issues related to PPP transactions, as well as optimizing commercial value within the country's economic and political context.

“We are looking forward to working with ADB so we can advance public–private engagement in the country and attract foreign investment, technology and innovation,” said Sanzhar Bolotov, Director General of the Kyrgyz PPP Center in the National Investment Agency under the President’s Office. “We have followed with attention ADB’s good work in PPPs in Central Asia and beyond and hope to reap the benefits that PPPs bring.”

ADB’s advisory work will be provided through its Office of Markets Development and Public–Private Partnership. It will be supported through the Asia Pacific Project Preparation Facility (AP3F), a multidonor trust fund providing technical support for the preparation of sustainable and inclusive PPP projects to fill infrastructure gaps in Asia and the Pacific. AP3F was established in 2015 by Australia, Canada, and Japan as founding financing partners, along with ADB which manages and operates the facility. The Republic of Korea became a contributor to the fund earlier this year.  

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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