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$255.39 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 — Adylbek A. Kasymaliev.

The member of the Expert Council from Kyrgyzstan is Director of the Department of International cooperation, Ministry of Finance of the Kyrgyz Republic - Bakyt T. Sydykov.

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 (Est.) Source
Real GDP Growth (%) 6,0 -0,1 10,9 4,0 3,9 3,8 4,5 Nat. Stat.
Nominal GDP (US$ million, in current prices) 6 197 6 605 7 335 7 468 6 678 6 551 7 164 Nat. Stat.
GDP per capita (US$, in current prices) 1 131 1 190 1 295 1 293 1 133 1 088 1 167 Nat. Stat.
Poverty rate (%, national estimate) 36,8 38,0 37,0 30,6 32,1 25,4 N/A Nat. Stat.
Inflation (CPI, average) 16,6 2,8 6,6 7,5 6,5 0,4 3,2 Nat. Stat.
Nominal interest rate on 3-month credits to the economy (end of period %) 34,1 28,4 20,9 16,9 22,3 25,6 24,6 CB
Balance of consolidated state budget (% GDP) -4,8 -6,5 -0,7 -0,5 -1,5 -4,6 -3,8 MF
Trade Balance (% GDP) -27,9 -45,0 -39,3 -42,6 -37,2 -35,5 -31,7 CB
Current Account Balance (% GDP) -8,1 -15,8 -14,1 -17,2 -16,2 -12,0 -5,0 CB
Gross International Reserves (months of imports, end of period) 3,4 3,6 3,7 4,0 3,7 4,2 4,4 CB
External Public Debt/GDP (%) 47,7 47,0 44,4 50,9 64,5 56,6 56,6 CB
Gross External Debt/GDP (%) 80,5 81,0 83,4 94,4 119,5 103,2 94,9 CB
Public External Debt Service/ Exports of Goods and non-factor Services (%) 3,0 2,7 2,4 3,4 5,3 5,9 5,5 IMF
Human Development Index (rank out of 187 countries) 126 125 125 120 120 N/A N/A UNDP
Global Competitveness Index (rank out of the amount of observed countries) 123 127 121 108 102 111 102 WEF
Exchange rate of the National Currency against U.S. dollar (period average, som/dollar) 46,1 47,0 48,4 53,7 64,5 69,9 68,9 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 77,8 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 CB
Remittances (% GDP) 19,8 29,3 25,2 25,4 21,0 23,5 26,7 CB

The Bishkek-Osh Road Rehabilitation Project in Kyrgyz Republic (2013) 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 machnery supplies to Kyrgyz Republic (2013) Signed Investment credit

On 27 December 2013, the Council of the Eurasian Economic Community Anti-Crisis Fund adopted a decision to provide an investment loan to the Kyrgyz Republic to finance the project Farming Machinery Supplies to the Kyrgyz Republic in the amount of US $20 million.

Commissioning of the 2nd Hydroelectric Unit of the Kambaratinskaya HPP-2 in Kyrgyzstan (2016) 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 in Kyrgyz Republic (2015) 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.

Toktogul HPP rehabilitation (PHASE 3, 2016) Signed Investment credit

On 27 July 2016, the EFSD Council approved the Kyrgyz Republic’s preliminary application and blueprint for the Toktogul HPP Rehabilitation (Phase 3) investment project worth US $40 million.


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