Published
05/19/2025, 15:19On May 16, 2025, OJSC Guarantee Fund held an extraordinary General Meeting of Shareholders, at which a decision was made to approve a major transaction for the implementation of the second component of the national project, Green Guarantees. This initiative is being implemented under a financing agreement between the Kyrgyz Republic and the International Development Association (IDA) and aims to support a sustainable financial market for micro, small, and medium-sized enterprises (MSMEs).
The project has received support from the World Bank, which on April 21, 2025, approved the allocation of $120 million, as well as from the Asian Infrastructure Investment Bank (AIIB), which provided $50 million in co-financing. The total investment amounts to $170 million, of which $59 million is earmarked for the implementation of the Green Guarantees component under the management of the Guarantee Fund.
The project will expand MSME access to green finance, i.e., investments in environmentally sustainable and resource-efficient initiatives. The authorities expect that this program will strengthen sustainable finance in the Kyrgyz economy and stimulate the development of small and medium-sized businesses with a focus on the environment and responsibility.
