Published
05/14/2025, 11:50The European Bank for Reconstruction and Development (EBRD) will allocate up to US$23 million to develop a sustainable economy and trade sector in Kyrgyzstan. The financial package will be provided to one of the country's commercial banks, Demir Bank, to implement programs related to climate resilience and trade operations.
Part of the funds, up to $15 million, will be allocated under the third phase of the KyrSEFF program, which focuses on supporting micro, small, and medium-sized enterprises, as well as households. The goal is to reduce emissions, use resources efficiently, and adapt to the effects of climate change. Financing is available in both US dollars and national currency.
In addition, the EBRD is increasing its trade support limit to $8 million. This will enable private companies in the country to participate more actively in international trade by importing equipment and technology and exporting products.
The EBRD's trade program provides guarantees to confirming banks and helps reduce the risks associated with foreign economic transactions. The program also provides training and professional skills development in trade finance.
Kyrgyzstan is one of the EBRD's long-standing partners: since 1992, the bank has invested around €1.1 billion in the country, implementing over 260 projects, mainly in infrastructure and the private sector.