Promoting Economic Diversification Program (Subprogram 2): Report and Recommendation of the President

Reports and Recommendations of the President | August 2021

The Kyrgyz Republic is recovering from the impact of the coronavirus disease (COVID-19) pandemic outbreak that began in March 2020, which has led to severe economic and employment contraction and fiscal difficulties. This program has been enhanced to support the government stay on the reform course in spite of these challenges, by (i) insulating the originally planned and needed medium-term reform efforts from the crisis effects, (ii) while adding urgent reforms to improve the governance, fiscal management (and buffers) and social protection mechanisms that have now been agreed to be crucial enablers of the original medium-term reform agenda.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated August 2021 is provided for the ADB project 52225-003 in the Kyrgyz Republic.