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Kyrgyzstan to Receive $22.5 Million from ADB for Climate and Urban Development Projects

Photo: AFP

Kyrgyzstan to Receive $22.5 Million from ADB for Climate and Urban Development Projects

Kyrgyzstan will receive a total of $22.5 million from the Asian Development Bank (ADB), consisting of a loan and a grant, to support various development initiatives.

Deputy Finance Minister Ruslan Tatikov made the announcement during a meeting of the Committee on International Affairs, Defense, Security, and Migration of the Parliament, The Caspian Post reports, citing Kyrgyz media.

He presented a draft agreement on financing the program Multisector Activities Support Facility 2025-2030 between the Kyrgyz Republic and the ADB. The amount of money allocated is $22.5 million (of which $13.3 million is a loan, $9.2 million is a grant).

The funds are planned to be spent on combating the effects of climate change, improving the environmental management system, and raising the standard of living in cities.

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Kyrgyzstan will receive a total of $22.5 million from the Asian Development Bank (ADB), consisting of a loan and a grant, to support various development initiatives.