Oil-driven Russia downturn adds to weakness in EBRD economies
Average EBRD growth now seen negative in 2015; oil price fall benefits nations less tied to Russia. A sharp fall in the price of oil has piled pressure on an already fragile Russia, and is hitting growth in energy exporters and other emerging nations with close links to eastern Europe’s largest economy, according to the EBRD’s latest economic outlook, published today.
Kyrgyzstan’s human rights record to be reviewed by Universal Periodic Review
GENEVA (15 January 2015) – Kyrgyzstan’s human rights record will be examined by the UN Human Rights Council’s Universal Periodic Review (UPR) Working Group for the second time on Monday 19 January 2015 in a meeting that will be webcast live.
IFC Helps Kyrgyz Republic Boost Private Investment
January 14, 2015, Bishkek, Kyrgyz Republic—The World Bank Group is helping the Kyrgyz Republic create an investment-friendly business climate as part of a broader effort to encourage economic growth in the country.
EBRD delivers strong support as emerging economies continue to struggle
The European Bank for Reconstruction and Development rallied to the support of emerging economies in 2014 as they struggled to emerge from a six-year slump, under pressure from geopolitical tensions and a fragile Eurozone.
EBRD lends KZT 10 billion to Bank CenterCredit for MSMEs support in Kazakhstan
Money will be on-lent to small businesses, mainly outside Kazakhstan’s largest cities. The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the private sector in Kazakhstan by providing a KZT 10 billion five year loan to Bank CenterCredit (BCC) for on-lending to micro, small and medium enterprises. At least 60 per cent of the loan proceeds will be distributed outside of the main cities of Almaty and Astana.
US$ 5 million from EBRD for road works in Tajikistan
Additional loan and grant will buy maintenance equipment and stimulate reform. The EBRD and international donors are supporting vital infrastructure in Tajikistan with a financing package of over US$ 5 million for critical maintenance of the national road network.
EBRD helps Mongolian retailer Nomintav expand
EBRD’s financing of US$ 12 million will support Mongolia’s Nomintav Trade in its efforts to expand retail of consumer goods, clothes and electronics.
EBRD provides new funds for energy efficiency in Kyrgyz Republic via KICB
EBRD provides US$ 2 million to its partner bank to help SMEs and families save energy. The EBRD has provided new lending to Kyrgyz Investment and Credit Bank (KICB), one of its partner banks in the country, to increase financing for energy efficiency projects.
Advice for Small Businesses in the Kyrgyz Republic - Newsletter, December 2014, Issue 19
Advice for Small Businesses in the Kyrgyz Republic - Newsletter, December 2014, Issue 19
EBRD funds overhaul of public transport system in Kyrgyz Republic’s largest southern city
Bank raises over EUR 10 million to modernise passenger transportation in Osh. EBRD funding of over EUR 10 million will help modernise public transport in Osh by putting 24 new buses and 20 new trolleybuses on the roads of the second largest city in the Kyrgyz Republic and the largest city in the southern region of the country, as well as creating its first formal ticket system.