BISHKEK, Kyrgyzstan, October 28. Minister of
Finance of the Kyrgyz Republic Almaz Baketaev and European Bank for
Reconstruction and Development (EBRD) Vice President for Banking
Matteo Patrone signed a memorandum of understanding to pave the way
for a framework agreement supporting priority municipal
infrastructure, irrigation, and transport projects totaling up to
400 million euros, Trend reports via the EBRD.
The accord is designed to propel the evolution of sustainable
infrastructure paradigms throughout Kyrgyzstan while optimizing
EBRD capital allocations in pivotal sectors.
As of the close of Q3 2025, the EBRD’s operational portfolio in the
Kyrgyz Republic was quantified at 332 million euros, encapsulating
a total of 97 distinct initiatives. The allocation of resources
within the portfolio is predominantly skewed towards sustainable
infrastructure, which constitutes a substantial 241 million euros,
representing 72 percent of the total. This is succeeded by
financial institutions, which command a significant 54 million
euros, accounting for 16 percent, while the corporate sector trails
with an allocation of 38 million euros, or 11 percent.
Since the accession of Kyrgyzstan to the EBRD on June 2, 1992, the
nation has reaped the rewards of 277 initiatives, culminating in
aggregate investments totaling €1.07 billion. The financial
institution’s initiatives in Kyrgyzstan are centered around
catalyzing sustainable economic development, bolstering the
operational capacity of SMEs, optimizing public utility performance
metrics, fortifying the financial ecosystem, and advancing
essential infrastructure frameworks.
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