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Overview: about the EBRDWho we are
Overview: about the EBRD
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EBRD supports SMEs in Kyrgyz Republic
Author: Anton Usov
- EBRD providing financial of up to US$5 million for Kyrgyz Investment and Credit Bank
- New funds to support local entrepreneurship
- Greater sustainability of local small and medium-sized enterprises (SMEs)
The European Bank for Reconstruction and Development (EBRD) is providing financial of up to US$ 5 million (€4.3 million) to the Kyrgyz Investment and Credit Bank (KICB) to strengthen support for micro, small and medium-sized enterprises (MSMEs) across the Kyrgyz Republic.
The financing, offered as a senior loan in synthetic Kyrgyz som, is designed to expand access to finance for MSMEs in the country.
This partnership with KICB, which started in 2000, reflects the EBRD’s commitment to fostering inclusive economic growth in the Kyrgyz Republic by empowering MSMEs, which form the backbone of the country’s economy.
The EBRD has been active in the Kyrgyz Republic since 1992, investing over €1 billion in the country through 277 projects, mostly in sustainable infrastructure and the private sector.