|Project Name||Promotion of sustainable Economic Development in Kyrgyzstan|
|Project Opening Date||27 Nov 2014|
|Project Closing Date||31 Dec 2019|
|Responsible International Financial Institution||German Federal Ministry for Economic Cooperation and Development (BMZ)|
|Responsible Executive Agencies||
Ministry of Economy of the Kyrgyz Republic
Promoting sustainable economic development
Since gaining independence in 1991, Kyrgyzstan has set a clear course towards market economy reforms. In the private sector, however, only a few industries and a small number of efficient companies are able to compete at regional and international level.
As a result of political instability and a lack of legal security, the country currently remains relatively unattractive to foreign investors. Accession to the Eurasian Economic Union with Russia, Belarus and Kazakhstan in 2015 will bring further challenges as well as new opportunities.
In addition, Kyrgyzstan is facing increasing environmental and climate problems. Pressure is mounting on the already fragile natural ecosystems. Neither the private sector nor society has done enough to introduce environmental protection and climate change mitigation measures.
|Source of Funding||
German Federal Ministry for Economic Cooperation and Development (BMZ)
|Amount of Funding||
11 288 716 Euro
The national export strategy was developed using a participatory approach and is now being implemented. The Investment Promotion Agency has been set up, a brochure entitled ‘Invest in the Kyrgyz Republic’ has been published and a website has been created.
In the regions, the project has contributed to local economic promotion. Over 600 young people took part in short-term training courses on topics such as clothing, veterinary medicine and car repairs. Over 100 people set up small businesses as a result.
Kyrgyz advisors have been trained in international quality standards, including HACCP and ISO 22000. The first wave of companies they advised have already been awarded the certification needed to export food and can now tap into global markets.
|Contact Information of International Financial Institution|
|Organization/Department||Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH|
|Address||105 Isanova Str., Bishkek|
|Phone||+ 996 (312) 906 550|
|Contact Information of Project Implementer|
|Organization/Department||Ministry of Economy of the Kyrgyz Republic|
|Address||106 Chui Prospect, Bishkek|
|Phone||+996 (312) 625 241|