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Largest non-banking microfinance institution in Kazakhstan will on-lend funds focusing on MSMEs outside large cities

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

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.

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.

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).

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.

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.

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