Kaktus.media analyzed how many loan and grant agreements have been signed since the beginning of the year and which organizations are ready to provide financing to the republic.
Areas of Financing
Despite positive economic indicators and increased budget revenues, Kyrgyzstan continues to seek assistance from donors for the implementation of various projects. The most in-demand areas remain those related to energy, education, and business support.Here is a list of key organizations and projects for which financing has been approved for the republic:
- a loan of $9 million to settle debts with contractors for the CASA-1000 project;
- a loan from the Islamic Development Bank for inclusive education;
- a loan provided by the Islamic Development Bank for the construction of substations in the Issyk-Kul region;
- an additional loan from the Islamic Development Bank for the modernization of the education system;
- the modernization of the "Sulaiman-Too" museum complex funded by a World Bank loan;
- the Asian Development Bank is providing a loan to improve water supply in the Naryn region;
- the World Bank approved $121 million for the first phase of the "Universal Water Supply and Sanitation" program;
- $120 million from the World Bank for a sustainable financing project for small and medium-sized enterprises;
- the Asian Development Bank will allocate $147.2 million for investment projects;
- the European Bank for Reconstruction and Development is providing funds for the modernization of two substations;
- an additional loan from the World Bank for the Kambar-Ata HPP-1;
- the European Bank for Reconstruction and Development and the European Union allocated 15.23 million euros for the reconstruction of the Western Big Chui Canal;
- South Korea will provide $500 million for socio-economic projects;
- a loan from the World Bank for the National Community Initiative Project.
Grant Financing
It is important to note that many loan agreements also include a grant component, meaning that these funds do not need to be repaid. Although complete information about the size of the grant is not always available, the editorial team has compiled known data into a single database.Here is a list of organizations and projects for which grants have been approved for the republic:
- Switzerland will allocate more than $2.7 million to Kyrgyzstan for reforms in water resource management.
- Qatar will provide a grant of $9.2 million for the construction of a new building for the clinical hospital in Bishkek.
- Grants from the Global Partnership for Education and the Islamic Development Bank for inclusive education;
- The Asian Development Bank is providing a grant for the project "Development of Rural Water Supply and Sanitation in the Naryn Region".
- The Asian Development Bank will allocate nearly $75 million for investment projects;
- An additional grant from the World Bank for updating the feasibility study for the construction of Kambar-Ata HPP-1 has been allocated.
- The European Bank for Reconstruction and Development and the EU allocated 8.6 million euros for the reconstruction and automation of the Western Big Chui Canal.
- A grant from the World Bank for the National Community Initiative Project.
Who is the Main Donor
According to our calculations, since the beginning of the year, Kyrgyzstan has signed agreements for loans and grants totaling $1.2 billion. This includes $1 billion 93.8 million in loans and $12.2 million in grants. The largest financing is expected from South Korea, which plans to allocate $500 million for projects in the republic over the next four years.During the first 18 years of its independence, Kyrgyzstan was cautious about external borrowing. From 1992 to 2009, loan agreements totaling $3 billion 69.6 million were signed, while from 2010 to 2023, this figure doubled to $6 billion 210 million.
