Preliminary agreements concern the financing of energy and non-energy infrastructure. According to Nodira Mansurova, EBRD Regional Manager for the Kyrgyz Republic, Tajikistan, and Turkmenistan, the document may provide for both grant and concessional funding terms.

StoriesKyrgyzstan and EBRD plan 1 billion euro infrastructure dealSlides: 4
  1. Kyrgyzstan and EBRD plan 1 billion euro infrastructure deal
  2. 1 billion — maximum amount of the financing plan in euros
  3. 5 years — estimated implementation period for the plan
  4. The agreement is currently undergoing intergovernmental coordination and may include both grant and concessional funding terms.

Timeline and implementation details

The agreement is currently undergoing intergovernmental coordination. The signing of the document is scheduled for early December at the bank's headquarters in London. A Kyrgyz delegation led by the Minister of Finance has been invited to the negotiations.

It is important to note that this refers to a financing plan rather than the immediate provision of the entire amount. The estimated implementation period for this plan is five years.

Agreement parameters

1 billioneuros (maximum amount)
5years (implementation period)
10December (planned signing)

Context

The European Bank for Reconstruction and Development (EBRD) is an international financial institution headquartered in London. The agreement establishing the bank was signed on May 29, 1990, by representatives of 40 states, including the USSR, the USA, European countries, Japan, and the Republic of Korea. The document entered into force on March 28, 1991. By 2026, the organization's shareholders will include 77 states, as well as the European Union and the European Investment Bank.