Kyrgyz Republic Country Update #4
December 2007
6 December 2007
Kyrgyz Republic Country Updates provide information about recent developments, decisions, and civil society activities related to International Financial Institution (IFI) involvement in the Kyrgyz Republic.
Kyrgyz Republic Country Updates provide information about recent developments, decisions, and civil society activities related to International Financial Institution (IFI) involvement in the Kyrgyz Republic including that of the World Bank (WB), International Finance Corporation (IFC), International Monetary Fund (IMF), European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB). If you would like to be included in or removed from the distribution list, please e-mail the moderator, George Holliday, at . Correspondence with BIC may be conducted in Russian.
The Bank Information Center (BIC) partners with civil society in developing and transition countries to influence the World Bank and other international financial institutions (IFIs) to promote social and economic justice and ecological sustainability. BIC is an independent, non-profit, non-governmental organization that advocates for the protection of rights, participation, transparency, and public accountability in the governance and operations of the World Bank, regional development banks, and IMF. For more information about BIC, see www.bicusa.org.
I. IFI Project Activities
World Bank and Kyrgyz agreement for second On-Farm Irrigation Project
The World Bank and Kyrgyz Republic signed a Financing Agreement for a $16 million IDA grant for the second On-Farm Irrigation Project. The project is meant to continue and expand on the first On-Farm Irrigation project, which focused on modernization of irrigation systems.
ADB signs to provide assistance too boost farm profits
The ADB and Kyrgyz government have signed an agreement for a $20 million assistance package to promote land productivity in rural areas. The agreement came about due to continued underperformance in the agricultural industries.
EBRD provides loan to microfinance company
The Bank provided a $1 million loan to Frontiers LLC, a microfinance company. The loan is meant to help the company support micro businesses in the Kyrgyz Republic and Tajikistan.
II. IFI Consultations and Policy Updates
EBRD releases 2007 Kyrgyz Republic Country Strategy
The Bank has published a new Country Strategy for the Kyrgyz Republic. The core ideas include developing the private sector and improving competitiveness in the financial sector.
Formation of Investment Council in the Kyrgyz Republic
III. Civil Society Activities
Central Asia NGO forum on ADB issues comments to Asian Development Bank, 20 September 2007
On 20 September 2007, the CA NGO forum on ADB issued comments on Long-Term Strategic Framework and other ADB documents.
NGO Forum Comments (ENG) 20 Sep 2007 (pdf, 36 KB)
NGO Forum Comments (RUSS) 20 Sep 2007 (pdf, 234 KB)
Civil society compares ADB safeguard policies with peer institutions
ADB completed consultation process on draft Energy Strategy
The ADB completed the consultation process on its draft Energy Strategy on 27 July 2007. There was a 60-day comment period after the draft’s release.
ADB releases draft Energy Strategy
On 28 May 2007, the ADB released its draft Energy Strategy for a 60-day comment period.
- Update 7 June 2007 (BIC Website)
NGOs organize panel discussion on ADB Safeguards Policy
EBRD begins civil society engagement in review of its environmental policy
On 11 May 2007, the EBRD released a Discussion Paper outlining its new environmental policy. There is a 45-day comment period for civil society before the EBRD prepares a draft of the policy.
Civil Society Points to Weak Transparency of ADB Safeguards Policy Update
IV. Additional Resources
Previous Country Updates and related reports can be found on BIC’s website on the Azerbaijan page. These reports are available in English and in Russian.
Central Asia: SCO Leaders Focus On Energy, Security, Cooperation
The six leaders of the member states of the Shanghai Cooperation Organization met for their annual summit in Bishkek, Kyrgyzstan. The heads of state agreed on a "unified energy market" and emphasized the importance of energy resources.
- Article 16 August 2007 (Radio Free Europe/Radio Liberty Website)
Progress toward some MDGs slow in Central Asia and South Caucasus
An ADB expert said progress toward achieving some Millennium Development Goals (MDGs), particularly those related to HIV/AIDS, environment, and water management, in the region has slowed down. This update came prior to the MDG Forum for Central Asia and the Southern Caucasus, held July 19-20 in Bishkek, Kyrgyzstan.
State environmental protection agency and UNDP release report
‘Kyrgyzstan: Environment and Natural Resources for Sustainable Development’, a report of the State Agency on Environment Protection and Forestry and UNDP in Kyrgyzstan was released in 2007.