The European Bank for Reconstruction and Development (EBRD) said on Thursday that it has launched a new four-year strategy for the bank's projects in Kyrgyzstan.
Major focus points for this strategy include supporting the growth in competitiveness for small and medium-size enterprises (SME), strengthening links between neighboring countries, and promoting the renovation and modernization of utility delivery within the country.
The bank's support in the country has grown since the previous strategy was approved in 2011. Since then, the bank has invested approximately $225 million in 56 projects.
Economic linking efforts between the Republic of Kyrgyzstan and neighboring countries aim to strengthen regional trade and cooperation. The bank's support will also facilitate private-sector involvement in the modernization of utility lines.
The bank said that dedicated credit lines for energy efficiency will remain open.
The EBRD opened operations in Kyrgyzstan in 1992, with approximately $621 million having been invested in the economy so far. Most of the current projects are aimed at improving energy efficiency.