ADB Commits $222 Million to Support Kyrgyzstan's Development Projects

The Asian Development Bank (ADB) has committed to providing $74.8 million in grant funding and $147.2 million in preferential loans to support investment projects and programs in Kyrgyzstan.

The Bank is extending a loan of up to 40 million US dollars for the CA country’s climate- and disaster-resilient water resources management, The Caspian Post reports, citing Kazinform.

The ADB is to lend $65mln to expand access to affordable and energy efficient housing in Kyrgyzstan.

The ADB funding initiatives also include climate-sensitive reform under a Policy-Based Loan (PBL) ($50mln), modernization of low-carbon municipal buildings in Bishkek under the SEFF 2 (Sustainable Energy Financing Facility) ($3mln), efforts to promote the Business Service Center under the SEFF 2 ($1mln), renewable energy sources development under the SEFF 2 (floating solar power plant at the HPP 5 reservoir) ($530,000), economic corridor Almaty-Bishkek ($37.5mln), and energy efficiency of public buildings ($25mln).