The agreements were signed on behalf of the Kyrgyz side by the Minister of Finance Almaz Kushbekov and on behalf of the European side by EBRD Director for Central Asia Huseyin Ozkhan.

Under the agreements, the European Union and the EBRD Shareholder Special Fund will provide grant funds of €19.63 million. In addition, the EBRD will provide credit funds of €42.16 million. These projects are aimed at developing irrigation infrastructure and ensuring its resilience to climate change.

In particular, a range of construction, modernisation and rehabilitation works are planned. Implementation of the projects will meet the needs for rehabilitation of irrigation facilities in the Jalal-Abad, Naryn and Chui regions of the republic.

The initiatives also include improving the condition of irrigation canals to increase resilience to climate change and ensure efficient use of water resources. This will have a positive multiplier effect on the socio-economic situation of the regions.

Implementation of the projects will provide additional water to about 9 thousand 260 hectares of agricultural lands, which will have a favourable impact on farmers and agrarians in the mentioned oblasts. In Chui oblast, work on rehabilitation of the irrigation scheme of the Big Chui Canal will be carried out. The executing agency of the projects is the Water Resources Service under the Ministry of Water Resources, Agriculture and Processing Industry of Kyrgyzstan.