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Kyrgyzstan: Kyrgyz Emergency Support for Private and Financial Sector Project
Details
Location:Kyrgyzstan
Category:Goods, Consulting services, Non-consulting services
Status:Approval
Sectors:Private Sector & Trade, Financial Services & Audit
Languages:English
Contracting authority: Ministry of Finance (Kyrgyz Republic)
Description
OBJECTIVE
To support Micro, Small and Medium Enterprises (MSMEs) in response to and during the recovery from the COVID-19 crisis.
DESCRIPTION
The proposed Kyrgyz Emergency Support for Private and Financial Sector Project aims to alleviate SMEs
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tender Background
About the Funding Agency
World Bank HQ
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Private Sector & Trade
Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.
Key areas:
- Private sector development and SME/MSME support
- Entrepreneurship, start-ups, and business growth initiatives
- Trade facilitation, import/export, and market access
- Commerce, retail/wholesale, and free trade mechanisms
Financial Services & Audit
Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.
Key areas:
- Financial services, banking, and insurance
- Accounting, auditing, and financial reporting
- Investment, capital markets, and financial inclusion