Member countries: Kyrgyzstan

The Kyrgyz Republic is the EFSD founding state.

  • Kyrgyz Republic’s contribution to the EFSD is US$1 million;
  • Kyrgyz Republic’s access limit in the EFSD is US$279,5 million (3% of total assets of the Fund).

The authorized representative of the Kyrgyz Republic in the EFSD Council is the Minister of Finance of the Kyrgyz Republic — Baktygul J. Jeenbaeva

The member of the Expert Council from Kyrgyzstan is Acting Director of the Department of International cooperation, Ministry of Finance of the Kyrgyz Republic - Dinara Duishenkul Kyzy.

The EFSD project portfolio in the Kyrgyz Republic consists of investment loans. The portfolio amount is US$ 290 million, including US$ 20 million in the Agriculture sector, US$ 210 million in the Energy sector, US$ 60 million in the Transport sector.

An investment project in the Energy sector is under preparation, the estimated amount of investment loan is US$ 40 million

Project documentation is available here.

Contacts

Ministry of Finance of the Kyrgyz Republic
National Bank of the Kyrgyz Republic

Representative Office of the EDB
in Bishkek:
21 Erkindik blvd., Bishkek, 720040
Kyrgyz Republic

Tel.: + 996 312 66 04 04
Fax: + 996 312 66 21 46

Indicator 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source
Real GDP Growth (%) 6 -0,1 10,9 4,0 3,9 4,3 4,7 3,5 4,5 Nat. Stat.
Nominal GDP (US$ million, in current prices) 6197 6605 7335 7468 6678 6813 7703 8090 8550 Nat. Stat.
GDP per capita (US$, in current prices) 1131 1190 1295 1293 1132 1132 1254 1293 1338 Nat. Stat.
Poverty rate (%, national estimate) 36,8 38 37 30,6 32,1 25,4 25,6 н/д н/д Nat. Stat.
Inflation (CPI, average) 16,6 2,8 6,6 7,5 6,5 0,4 3,2 1,5 1,1 Nat. Stat.
Nominal interest rate on 3-month credits to the economy (end of period %) 34,1 28,4 20,9 16,9 22,8 22,2 18,8 18 н/д CB
Balance of consolidated state budget (% GDP) -4,8 -6,5 -0,7 -0,5 -1,4 -4,4 -3,1 -1,1 н/д MF
Trade Balance (% GDP) -26,7 -44,2 -38,5 -42,4 -36,3 -34,3 -32,5 -36 н/д CB
Current Account Balance (% GDP) -7,7 -15,5 -13,8 -17,4 -15,8 -11,6 -6,8 -8,7 н/д CB
Gross International Reserves (months of imports, end of period) 4,5 3,9 4,0 3,6 4,4 5,0 5,1 4,7 н/д CB
External Public Debt/GDP (%) 47,7 47 44,4 50,9 64,5 56,6 53,8 48 н/д CB
Gross External Debt/GDP (%) 80,5 81 83,4 94,4 119,5 103,2 107,8 100,6 н/д CB
Public External Debt Service/ Exports of Goods and non-factor Services (%) 3,0 2,7 3,0 3,7 4,5 5 5,5 6,8 н/д IMF
Human Development Index (index from 0 to 1) 0,639 0,649 0,658 0,663 0,666 0,669 0,671 0,674 н/д UNDP
Global Competitveness Index (rank out of the amount of observed countries) 123 127 121 108 102 111 102 96 н/д WEF
Exchange rate of the National Currency against U.S. dollar (period average, som/dollar) 46,1 47 48,4 53,7 64,5 69,9 68,9 69,8 69,8 CB
Exchange rate of the National Currency against Euro (period average, som/euro) 64,3 60,4 64,4 71,3 71,6 77,4 78,1 79,5 77,3 CB
Exchange rate of the National Currency against Russian Rouble (period average, som/rouble) 1,6 1,5 1,5 1,4 1,1 1,0 1,2 1,03 1,09 CB
Remittances (% GDP) 19,8 29,3 25,2 24,3 20,1 24 26,4 24,5 н/д CB
Kambaratinskaya HPP-2 safety plan implementation Approved concept note Investment credit
On 22 October 2019, the Eurasian Fund for Stabilization and Development (EFSD) Council approved the Eurasian Development Bank’s (EFSD Resources Manager) opinion on the preliminary application of the Kyrgyz Republic for an investment loan to finance the project “Kambaratinskaya HPP-2 safety plan implementation” in the amount of US $58.2 million, with US $50.7 million to be financed by the EFSD
Commissioning of the 2nd Hydroelectric Unit of the Kambaratinskaya HPP-2 in Kyrgyzstan Signed Investment credit

On 2 July 2014, the Council of the Anti-Crisis Fund of the Eurasian Economic Community approved the preliminary application and the conceptual framework of the investment project in the Kyrgyz Republic “Commissioning the second hydro generation unit of Kambaratinskaya HPP-2” for the amount of US $100 million, with US $80 million to be financed by the ACF.

Toktogul HPP Rehabilitation (Phase II) in Kyrgyz Republic Signed Investment credit

On 2 July 2014, the Council of the Eurasian Economic Community Anti-Crisis Fund approved a preliminary application and concept note of the investment project of the Kyrgyz Republic called Energy Sector Rehabilitation. Phase 2. Toktogul HPP Rehabilitation Component: replacement of the second and fourth turbine-generator units with replacement/rehabilitation of auxiliary systems and powerhouse equipment in the amount of US $190 million, with the Fund’s planned contribution of US $75 million.

The Bishkek-Osh Road Rehabilitation Project in Kyrgyz Republic Signed Investment credit

On 20 March 2014, EDB and Kyrgyzstan signed an Agreement on financing The  Bishkek-Osh Road Rehabilitation Project, Phase IV with ACF resources in the amount of US$ 60 million.

Agricultural machinery supplies to Kyrgyz Republic Signed Investment credit

On 27 December 2013, the EFSD Council adopted a decision to provide an investment loan to the Kyrgyz Republic to finance the project Agricultural Machinery Supplies to the Kyrgyz Republic in the amount of US $20 million.


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