The announcement regarding the allocation of funds was made during the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), currently taking place in Antalya, Turkey.
Objectives and Funding Sources
According to Erkin-Too, Kyrgyzstan has become a participant in the ARISE global investment program under the Climate Investment Funds (CIF). The received funding consists of concessional funds that will be directed toward climate change adaptation and the development of resilient infrastructure.
The ARISE program aims to increase investment to enhance economic resilience to climate risks. The allocated $30 million is expected to facilitate the implementation of priority sustainable development projects and attract additional foreign investment.
Support Volume
The project application was prepared by the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic in collaboration with the National Investment Fund, with support from the Asian Development Bank.
Negotiations in Turkey
Aibek Asanov, Director of the Climate Finance Center, participated in the official announcement ceremony in Antalya. During the event, he held a bilateral meeting with CIF Executive Director Tariye Gbadegesin to discuss further cooperation and the attraction of international financing to realize national climate advantages.
