ADB and Kyrgyz Republic Set New Financing Framework, Advance Green and Resilient Projects – EQ
In Short : The Asian Development Bank and the Kyrgyz Republic have agreed on a new financing framework to accelerate green, resilient, and inclusive development. The partnership will support climate adaptation, sustainable infrastructure, and improved public services. ADB aims to strengthen economic stability while helping the country expand clean energy, upgrade key sectors, and build long-term resilience against environmental and social challenges.
In Detail : BISHKEK, KYRGYZ REPUBLIC — Asian Development Bank (ADB) President Masato Kanda met with President Sadyr Japarov to recognize more than three decades of close partnership and to express ADB’s commitment to support the country’s national development goals with more than $700 million in financing from 2025 to 2027.
“The Kyrgyz Republic has shown remarkable commitment to building a greener, more connected, and more resilient future,” said Mr. Kanda. “As the country’s largest multilateral development partner, ADB stands ready to deepen our support for national priorities and help advance the country’s role as a regional leader in connectivity and clean energy.”
Mr. Kanda also met with Chairman of the Cabinet of Ministers Adylbek Kasymaliev, Minister of Finance Almaz Baketaev, and Minister of Economy and Commerce Bakyt Sydykov to discuss strategic investments and reform priorities.
Mr. Kanda and Mr. Kasymaliev witnessed the signing of a memorandum of understanding between ADB and the Ministry of Finance of the Kyrgyz Republic outlining plans for a new Financing Framework Arrangement for 2026–2027, along with agreements for three projects under the existing 2025 Financing Framework Arrangement supporting green transformation, disaster resilience, and affordable housing.
Together, the 2025 arrangement and the planned 2026–2027 arrangement are expected to provide more than $700 million in ADB financing to support the Kyrgyz Republic’s public investment priorities. The three newly signed projects will improve energy efficiency and climate resilience in public buildings, strengthen water resource management and disaster preparedness, and expand access to affordable, energy-efficient housing and mortgage finance.
Mr. Kanda also visited the Urban Transport Electrification Project, which has introduced 120 battery-electric buses in Bishkek. Powered by the country’s clean hydropower, the project is reducing emissions, enhancing air quality, and improving mobility, including through dedicated training programs that support women bus drivers.
In Bishkek, Mr. Kanda participated in the 24th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program. He highlighted ADB’s plans to invest more than $10 billion through 2030 to strengthen regional integration, connectivity, and resilience across the CAREC region. He also addressed the CAREC Business Forum, where he stressed the private sector’s role in shaping a more connected and competitive region.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
