News Column

ADB to continue support of Kyrgyzstan's most important areas - President

May 5, 2014

Prime Minister of Kyrgyzstan Joomart Otorbayev on May 4 met with Asian Development Bank President Takehiko Nakao, ADB Vice President Wencai Zhang, ADB Director for Central and West Asia Klaus Gerhaeusser, reported the government's press service.

The Asian Development Bank is an important development partner for the Kyrgyz Republic, which timely respond to needs of Kyrgyzstan.

Since independence the Kyrgyz Republic gained $1.246 billion in financial aid from the Asian Development Bank. These funds were directed into such sectors as transport, agriculture, energy sector, education and financial sector.

The Prime Minister thanked the ADB management for increasedf funding for the Kyrgyz Republic during 2013-2014.

"We were able to prioritize spheres of cooperation and to harmonize our efforts with development partners," Joomart Otorbayev said. He also noted importance of the Bank's support in development of energy sector, improved access to water in remote parts of the country, creation of possibilities for private sector.

Takehiko Nakao said Kyrgyzstan could achieve stability, which produced a positive impact on national economy. The country achieved good macroeconomic indexes and managed to restrain inflation. The Asian Development Bank will continue its active support to Kyrgyzstan in the most important areas, the ADB President emphasized.

Wencai Zhang in turn underlined the Asian Development Bank will continue cooperation with the Kyrgyz government to work on improvement of the country's energy sector, facilitation of trade and regional cooperation.

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Source: AKIpress News Agency (Kyrgyz Republic)

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