IFC in the Kyrgyz Republic

Kyrgyz Republic became a member of IFC in 1993. As of December 2007, the Kyrgyz Republic has received commitments totaling nearly $56 million from IFC’s own funds. The largest investment in the existing portfolio is the Kumtor Gold Mine. Additional investments were made in a packaging plant (Altyn-Ajydar), and three financial sector projects (Demirbank, KICB, and FINCA). Under the Small Enterprise Fund (SEF) procedure, IFC has invested $1.4 million in a pasta plant (Akun).

In addition, IFC has invested in regional projects that benefit the Kyrgyz Republic. These include the Central Asia Micro and Small Enterprise Facility, a joint project with EBRD, and the SEAF Central Asia Small Enterprise Fund, established by IFC and SEAF, a leading manager of small equity funds.

Going forward in the Kyrgyz Republic, IFC will continue:

• Promoting micro/small and medium enterprises
• Assisting the agri-business sector
• Strengthening the financial sector
• Development of leasing
• Provision of equity capital through equity investment funds
• Developing tourism
• Expanding investment in the mining sector
• Assisting privatization opportunities

We will also help catalyze foreign direct investment in mining, tourism, and agriculture projects and assist in the privatization of strategic companies. More on investments in the Kyrgyz Republic.

Since 1996, advisory activity in the Kyrgyz Republic has been concentrated in the textile, tourism and financial markets sectors. Recent work has included MIS technical training for a pasta producer and a comprehensive diagnostic survey of the telecommunication and IT sectors. More on advisory projects in the Kyrgyz Republic.