The State Development Bank of the Kyrgyz Republic discussed the launch of a $120 million project with the World Bank mission

From 8 to 12 September, the State Development Bank of Kyrgyzstan held a series of meetings with World Bank experts who arrived as part of an official mission.

The talks focused on the project ‘Developing Sustainable Financial Markets for Micro, Small and Medium Enterprises (MSMEs)’, under which Kyrgyzstan will receive $120 million in funding. The money will be used to expand business access to financial resources and promote green solutions in the banking sector.

The parties discussed the degree of readiness to launch the programme, priority areas of support and further cooperation.

The World Bank delegation noted the comprehensive approach of the State Development Bank of the Kyrgyz Republic to the preparation of the project, as well as the prompt completion of domestic procedures for the ratification of the loan agreement.