BISHKEK, Kyrgyzstan, April 23. The
International Finance Corporation (IFC) is prepared to invest more
than $130 million in renewable energy and water supply projects in
Kyrgyzstan, said Hela Cheikhrouhou, IFC’s Regional Vice President
for the Middle East, Central Asia, Türkiye, Afghanistan, and
Pakistan, Trend
reports via the Cabinet of Ministers of Kyrgyzstan.
Cheikhrouhou made the statement during a meeting with Adylbek
Kasymaliev, Chairman of the Cabinet of Ministers of Kyrgyzstan,
held in Washington, D.C., on the sidelines of the Spring Meetings
of the International Monetary Fund and the World Bank Group.
She highlighted positive developments in Kyrgyzstan’s investment
climate and reaffirmed IFC’s interest in expanding its operations
in the country. Cheikhrouhou also expressed readiness to explore
new projects aligned with Kyrgyzstan’s development priorities.
In the course of the meeting, the sides discussed ongoing IFC
projects in Kyrgyzstan and prospects for expanding cooperation in
key areas, including renewable energy, water infrastructure, small
and medium-sized enterprises, and private investment.
In turn, Kasymaliev emphasized the importance of attracting
private investment to ensure sustainable economic growth and
thanked IFC for its continued support.
“Today, we confidently declare that Kyrgyzstan is building a
favorable and resilient business environment open to investment and
partnership. Our policies focus on private sector development, the
rule of law, investor protection, and transparency. We are
advancing digitalization, reducing bureaucratic barriers, and
strengthening legal safeguards for investors,” Kasymaliev said.
Special attention was given to the government’s efforts to
improve the investment environment, including a new draft
Investment Law submitted to Parliament. The law aims to eliminate
barriers to foreign direct investment and strengthen investor
protection mechanisms.
Kasymaliev also noted the recent upgrade of Kyrgyzstan’s credit
rating to “B+” with a Stable outlook by S&P Global Ratings,
attributing it to strong macroeconomic indicators, fiscal
stability, and ongoing structural reforms aimed at modernizing
infrastructure and improving the business climate.