The Asian Development Bank (ADB) and the Kyrgyz Republic have agreed on a new financing plan to support green growth, affordable housing, and climate resilience, according to a press release. The updated framework will provide more than $700 million in funding between 2025 and 2027, deepening a partnership that spans over three decades.
During his visit to Bishkek, ADB President Masato Kanda met with President Sadyr Japarov to reaffirm the Bank’s backing for the country’s national development goals. “The Kyrgyz Republic has shown strong leadership in building a greener, more connected, and resilient future,” Kanda said. “ADB is ready to continue helping the country drive clean energy and regional integration.”
The agreement was formalized in a memorandum of understanding signed with Chairman of the Cabinet of Ministers Adylbek Kasymaliev. It builds on the 2025 Financing Framework that already funds projects in green transformation, disaster preparedness, and housing. Together, the two frameworks will channel about $700 million in ADB financing toward the country’s public investment priorities.
Three new projects under the 2025 plan will focus on strengthening public buildings against climate risks, improving water and disaster management, and expanding affordable and energy-efficient homes. While in Bishkek, Kanda also visited the Urban Transport Electrification Project, where 120 electric buses—powered by hydropower—are now reducing emissions and providing new opportunities for women drivers through training programs.
Kanda’s trip coincided with the 24th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program, where he announced plans for ADB to invest more than $10 billion through 2030 to boost connectivity, integration, and resilience across the region. He also told delegates at the CAREC Business Forum that greater private sector participation will be key to building a more competitive and sustainable Central Asia.
