Content in the English

DEVELOPING ASIA SHOULD USE PUBLIC SPENDING TO NARROW INEQUALITY

HONG KONG, CHINA(1 April 2014) –Widening income gaps are undermining decades of successful poverty reduction in developing Asia, meaning governments should proactively use fiscal policy to close gaps and promote more inclusive growth, says a new Asian Development Bank (ADB) report.

Sustainable Land Management Paper Highlights Existing Knowledge and Gaps

On 18 February 2014, the University of Central Asia’s Mountain Societies Research Institute (UCA-MSRI) hosted a seminar on Research for Sustainable Land Management: Status, Challenges and Pathways for Improvement. The seminar launched MSRI’s second Background Paper Sustainable Land Management in Kyrgyzstan and Tajikistan: A Research Review by Candidate of biological science Jyldyz Shigaeva, Dr Bettina Wolfgramm and Dr Chad Dear.

IFC Helps Companies Improve Corporate Governance in Central Asia

Bishkek, Kyrgyz Republic, April 2, 2014—IFC, a member of the World Bank Group, has developed a manual to help companies in the Kyrgyz Republic, Tajikistan, and Uzbekistan improve corporate governance and ultimately boost regional economic growth.

This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013. The exercise was launched following an independent review of the existing safeguards policy in 2010 in which many Directors encouraged staff to highlight fiscal safeguards risks in cases where a substantial portion of the resources provided by the Fund for balance of payments support is channeled to state treasuries for budget purposes. Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.

EBRD finances rolling stock purchase by Kazakh rail company, Olzha

EBRD continues to support private sector development in Kazakhstan with new US$ 9 million loan to Olzha

University of Central Asia and Afghan Ministry of Foreign Affairs Symposium Highlights Role of SMEs in Regional Trade

"Small and medium enterprises are a main driver of business and economic exchange in Afghanistan and the ‘Heart of Asia’ region, especially between Afghanistan and Central Asia,” said Mrs Roya Rahmani, Director General of the Regional Cooperation Directorate of the Afghan Ministry of Foreign Affairs. Mr James Hill, Head of Mission, Embassy of Canada, underscored the importance of SMEs in economic growth that can provide a basis for stability in the region.

Switzerland is representing Poland and Slovenia in visa matters in the Kyrgyz Republic

Kyrgyz citizens and other citizens with resident permit in the Kyrgyz Republic travelling to Poland or to Slovenia can apply for Schengen visa in the Embassy of Switzerland in Bishkek.

EBRD and FINCA to support energy efficiency and small businesses in Kyrgyz Republic

EBRD channels US$ 5 million to the microfinance organisation, a long-term partner of the Bank.

The European Bank for Reconstruction and Development is channeling US$ 5 million to support the expansion of lending programmes by one of the largest and most successful micro-finance institutions in the Kyrgyz Republic.

EDB and Kyrgyzstan sign agreements on financing two investment projects with ACF resources

Bishkek, 20 March 2014. Two agreements on project financing——one for the Bishkek-Osh Road Rehabilitation and the other for agricultural machinery supplies——were concluded today in Bishkek between Eurasian Development Bank (EDB) and the Kyrgyz Republic. The documents were signed by Chairman of the EDB Management Board Igor Finogenov and Minister of Finance of the Kyrgyz Republic Olga Lavrova.

Japan International Cooperation Agency in the Kyrgyz Republic - Newsletter #70 December 2013 -February 2014