Bishkek, April 11, 2023. / Kabar/. Chairman of the Cabinet of Ministers Akylbek Zhaparov discussed joint projects in Kyrgyzstan with World Bank Vice President for Human Capital Development Mamta Murti, the press service of the Cabinet said.
During the meeting in Washington the sides discussed projects in the field of economy, banking, education, social development and digitalization that are being implemented in Kyrgyzstan, and also exchanged views on future joint projects.
Particular attention was paid to the main theme of the spring meetings of the World Bank and the International Monetary Fund, in which Zhaparov will take part as part of his working visit to the United States. On this agenda, he expressed general support for the proposed reforms, adding the need to include issues on climate change and pandemic preparedness in the World Bank's mission, update the World Bank's operating model, and increase financial assistance to client countries.
The chairman of the Cabinet noted that the Kyrgyz Republic will need a greater amount of direct support, which will be aimed at stimulating the country's economy, eliminating the negative effects of the pandemic on human capital, giving a new impetus to economic ties and common markets at the regional level.
In addition, Zhaparov suggested that the bank consider developing mechanisms for converting external debt into green and climate initiatives.
“Such mechanisms would allow developing countries, on the one hand, to finance projects on green and climate sustainability, and on the other hand, ensure a stable debt situation,” the head of the Cabinet said.
The vice president of the World Bank highlighted significant progress in increasing financial support for the education and health sector in the Kyrgyz Republic.
“A significant increase in the budget for the development of education and healthcare is noteworthy, effective measures are being taken for social support based on a social contract,” Murti said.
She also informed the head of the Cabinet of Ministers about the preparation of a new project and financial assistance from the World Bank for the development of higher education in the Kyrgyz Republic, which will be a continuation of the current support for the education sector in the country.
Currently, the World Bank is already implementing the Education for the Future project aimed at improving the preparation of children for school. It is expected that the project for the modernization of higher education will be approved by the bank within a few months.
One of the important topics of the meeting was the introduction of digital technologies. On this issue, the parties discussed the possibility of additional financial assistance and confirmed the coincidence of positions on the development of digital skills.
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