EBRD directors visit the Kyrgyz Republic

By Svitlana  Pyrkalo

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A delegation from the EBRD’s Board of Directors, which represents the Bank’s shareholders, will visit the Kyrgyz Republic on 24-28 September, 2012.

The purpose of the consultation visit, which is part of a regular series of consultations, is to enable the directors to better understand the government's reform agenda, the priorities for the local economy and the expected role of the EBRD in the Kyrgyz Republic.

The EBRD directors will meet the Prime Minister Zhantoro Satybaldiyev, First Vice Prime Minister and EBRD Governor, Djoomart Otorbayev, and ministers of economy, finance, energy, agriculture and transport.

They will also meet senior officials from the parliament and the Kyrgyz National Bank Governor.

The EBRD delegation will also meet representatives of local government, entrepreneurs, representatives of diplomatic community, international financial institutions, banks, microfinance institutions and the civil society.

The EBRD directors will visit the capital Bishkek, Kara-Balta and Tokmak and will meet EBRD clients there, including the Bishkek Water Company, Kara-Balta Water Company and Interglass.

Representatives of the EBRD Board on this visit will include Memduh Akcay, Jerome Baconin, Ole Blondal, Pedro Moriyon, Jonathan Ockenden, Eran Pollack, Eoin Ryan and In-chang Song.

EBRD management will be represented by Honma Masaru and Mahir Babayev.

Since the beginning of its operations, the EBRD has invested almost US$ 530 million in the Kyrgyz Republic in 85 projects in different sectors of the economy. The EBRD operations in the Kyrgyz Republic are centred on fostering the private sector, in particular through support for micro, small and medium sized enterprises (MSMEs), alongside support to strengthen the financial sector and develop critical infrastructure.

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