Bishkek, Sept. 9, 2022. / Kabar /. The World Bank will finance projects in Kyrgyzstan for USD 600 million in the next 5 years, Country Manager of the World Bank for the Kyrgyz Republic Naveed Hassan Naqvi told during a meeting with First Deputy Plenipotentiary Representative of the President of the Kyrgyz Republic in Naryn Oblast Adyl Saparov.
During the meeting, the priority projects were considered that will be supported by the WB in Naryn Oblast.
Adyl Saparov said that a number of promising projects are being implemented with international partners, including the World Bank, and that Naryn Oblast is ready for a partnership program that is being prepared and will be implemented in 2024-2028.
Naveed Hassan Naqvi said that under the upcoming 5-year program, the World Bank will finance projects across Kyrgyzstan for USD 600 million to improve the lives of the population, and that these funds will be provided in the form of an interest-free loan for a period of 50 years.
Further, the head of the WB office in the Kyrgyz Republic said that projects would be selected jointly with the Cabinet of Ministers of the country. At present, trips to the regions are being organized to listen to proposals; the proposals made at the meetings will certainly be taken into account when choosing priority projects.
Funding for the projects will begin in July 2023. Until then, proposals will be considered and projects to be funded to be identified. To date, 25 projects worth USD 800 million are being implemented throughout Kyrgyzstan financed by the World Bank.
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