Published
11/04/2025, 11:53Kyrgyzstan has seen a noticeable increase in investment activity in the regions. According to the Ministry of Finance, 184 projects worth 915.3 million KGS were approved through State Financial Holding OJSC in January–September, of which 128 projects worth 595.7 million KGS have already been financed.
For comparison, in 2024, 38 projects worth 165.8 million KGS were implemented through commercial banks, and in 2023, 34 projects worth 146.1 million KGS. Thus, the volume of business support through Regional Development Funds has increased almost fourfold, and the number of projects has increased fivefold.
The funds are formed from contributions from mining companies and licence fees for the use of mineral resources, and financing is provided in the form of budget loans at 2% per annum. According to a Cabinet of Ministers resolution from September 2024, the funds are distributed by Gosfinholding OJSC, the successor to the Financial and Credit Fund under the Ministry of Finance.
The funds are focused on infrastructure development, job creation and support for small and medium-sized businesses. Among the priorities are tourism, agriculture, manufacturing and services, as well as support for start-up projects, which make up a significant part of the investment portfolio.
The largest number of projects in 2025 were in the Jalal-Abad region (61 projects), Naryn region (34 projects) and Issyk-Kul region (23 projects). In terms of funding, the Naryn region (283.8 million KGS), Jalal-Abad (269.8 million KGS) and Chui (181.4 million KGS) are in the lead.
Among the initiatives funded are guest houses and tourist complexes in Naryn and Issyk-Kul, poultry farms and processing plants in Jalal-Abad, and production sites and furniture factories in the Chui region.
