The National Bank and the EBRD will undertake a "rethinking" of the Kyrgyz money market

The National Bank of Kyrgyzstan and the European Bank for Reconstruction and Development have launched a joint project to diagnose the country's money market. An agreement to launch the initiative, called the Money Market Diagnostic Framework (MMDF), was reached in 2024.

The project involves analysing the current state of the interbank market, identifying barriers to its development, and preparing recommendations for the introduction of new financial instruments. The results of the MMDF are expected to help boost the participation of financial institutions in interbank lending and strengthen market mechanisms.

The National Bank expects that the implementation of the project will give impetus to the development of the domestic capital market and make the lending system more stable and modern.