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EBRD finance brings modern trams to Kazakh city of Pavlodar

2.5 billion tenge loan to replace obsolete rolling stock, modernise infrastructure will be supplemented by government grants

Stunning 3-Month Exhibition Brings Kyrgyzstan’s Cities of the Dead to Life

Toronto, Canada, 15 May 2015 - Death is rarely thought of as a beautiful thing. However, when photographer Margaret Morton travelled through Kyrgyzstan, she became captivated by the beauty and majesty of the unique cemeteries she encountered.

KICB and EBRD support private Kyrgyz chain of petrol stations, Petroleum

US$ 3 million will enable company to expand and strengthen competition in the sector. The Kyrgyz Investment and Credit Bank (KICB) and the European Bank for Reconstruction and Development (EBRD) are continuing to support medium-sized private companies in the Kyrgyz Republic through a special joint-financing mechanism which makes it possible to offer larger and longer-term financing.

International Survey Features Kyrgyzstan Spatial as a Top Solution That Saves Lives

Bishkek, Kyrgyz Republic, 18 May 2015 – Kyrgyzstan Spatial, the University of Central Asia’s Institute of Public Policy and Administration (UCA IPPA) and International Food Policy Research Institute’s (IFPRI) interactive online mapping tool and knowledge platform, was recently featured at the top of the list as a cutting-edge technology in Top Solutions That Save Lives in Humanitarian Response and Disaster Relief, a report by Aid and International Development Forum (AIDF).

Advice for Small Businesses in the Kyrgyz Republic - Newsletter, May 2015, Issue 20

UNHCR provides technical assistance to the State Registration Service to End Statelessness

Bishkek, 19 May 2015 (UNHCR) - Today the UN Refugee Agency in Kyrgyzstan (UNHCR) donated some IT equipment to State Registration Service to enhance the capacity of its Call Centre set up for the eradication of Statelessness. The special phone equipment, server and a database will support and strengthen the work of the Centre, which receives up to 300 weekly calls from different parts of the country.

EBRD discusses report on transition process and economic forecast in Bishkek

High-level representatives from the European Bank for Reconstruction and Development (EBRD) discussed the process of transition in the EBRD region and the latest economic forecast in Bishkek this week.

On gender equality, time to harness the power of parliaments, say OSCE PA members in Kyrgyzstan

BISHKEK, 16 May 2015 – OSCE parliamentarians led by Kyrgyzstan’s Roza Aknazarova joined government and parliamentary leaders and representatives of international organizations and civil society in Bishkek on May 15-16, calling for improvements in women’s rights and opportunities, exchanging experiences and best practices and discussing how to fully harness the power of legislatures to help achieve gender equality.

Performance under the previous Extended Credit Facility (ECF) arrangement, which expired last July, was good. Macroeconomic stability was restored, fiscal consolidation was stronger than planned, monetary policy was enhanced through a new interest rate-based framework, and supervision was strengthened in the financial sector. Nevertheless, the economy is facing challenges: (i) a weak regional economic environment, (ii) some key reforms have yet to be implemented, particularly in PFM and the banking sector, and (iii) a higher public debt due to the materialization of an ambitious investment program. Accession to the Eurasian Economic Union (EEU) is expected to take effect in May, and parliamentary elections are slated for late 2015. Program objectives.

IMF Country Report No. 15/113

Kyrgyz Republic Gets Loan to Boost Economy Amid Regional Slump

The IMF has approved a $92 million loan to the Kyrgyz Republic to back a reform program aimed at bolstering the country’s resilience to the slowdown in Russia and other external factors.