ADB to provide $147 million in loans to Kyrgyzstan
Bishkek, March 15, 2025 – The Asian Development Bank (ADB) is set to provide Kyrgyzstan with a total of $222 million in funding for various projects in the country. The ADB has approved $147.2 million in concessional loans from its ordinary capital, with an additional $74.8 million potentially being allocated in grants from its special funds.
The agreement between the Cabinet of Ministers and ADB is currently being reviewed in the second reading by the Parliament of Kyrgyzstan. Once ratified, this funding will support key development initiatives in the country.
This financial support from ADB will play a crucial role in advancing infrastructure development, promoting economic growth, and improving living standards for the people of Kyrgyzstan. The government and the ADB are working together to ensure that these funds are utilized effectively to achieve sustainable and inclusive development.
The funding from ADB underscores the bank’s commitment to supporting Kyrgyzstan’s development goals and strengthening the partnership between the two entities. The projects funded by ADB are expected to make a positive impact on the country’s economy and contribute to its overall development progress.
Nargiza Tokoeva, reporting for 24.kg news agency.
