Published
06/25/2026, 13:43In recent years, the Eurasian Development Bank has quadrupled its investments in Kyrgyzstan’s economy. This was announced by the bank’s Chairman of the Board, Evgeny Podguzov, at the EDB Business Forum, which is currently taking place in Almaty.
According to him, the expansion of the bank’s activities was made possible by the republic’s sustained economic growth.
“For the third consecutive year, Kyrgyzstan’s economy has shown growth of over 10%. This is one of the best indicators in the region. This growth is driven by rising domestic demand, as well as developments in construction, trade, and infrastructure projects,” Podguzov noted.
He emphasized that these factors are driving increased investment activity and opening up new opportunities for international development institutions.
The EDB head reported that the bank’s investment portfolio in Kyrgyzstan has quadrupled compared to previous years. Among the largest projects is the construction of a 300-MW solar power plant.
Speaking at the forum, Kyrgyzstan’s Minister of Economy and Commerce, Bakyt Sydykov, noted that the country intends to maintain high rates of economic growth. According to him, the National Development Program through 2030 calls for annual GDP growth of at least 8%.
He also reported that in January–May 2026, Kyrgyzstan’s economy grew by 12.2%, and the key areas of development remain reindustrialization, transforming the country into a regional trade and logistics hub, unlocking its energy potential, as well as developing tourism and organic agriculture.
According to Sydykov, only about 13% of Kyrgyzstan’s hydropower potential is currently being utilized. To harness this potential, major projects are underway, including the construction of the Kambarata HPP-1 in cooperation with Kazakhstan and Uzbekistan.
He emphasized that achieving these goals is impossible without long-term financing, which is why the role of development institutions such as the EABR will only continue to grow.
