IFC values partnership with the Kyrgyz Republic very highly - IFC Country Officer

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Bishkek, May 10, 2018. / Kabar /. In an exclusive interview with Kabar News Agency, Mr. Martin Naegele, International Finance Corporation (IFC) Country Officer in Kyrgyzstan talked about IFC activities in the country.

He said that IFC in Kyrgyzstan operates in line with the World Bank Group Country Partnership Strategy and is mainly focused on private sector development through a combined investment and advisory approach.

Mr. Naegele also stressed that over the years, the IFC-Kyrgyz Republic partnership has grown and evolved and IFC’s advisory services program is helping the country develop its financial market, promote responsible financing, expanding access to finance including agri-finance. Other areas include investment climate, trade logistics, corporate governance, dairy, food safety, and public-private partnerships.

Further Martin Naegele also told about Public Private Partnership projects being implemented in Kyrgyzstan. He mentioned that IFC have helped structure a public-private partnership to provide full kidney dialysis services and pointed out a great potential in energy and aviation areas.

Concerning the prospects of cooperation between Kyrgyzstan and IFC, Mr. Naegele said that IFC plans to expand direct private sector operations in areas such as energy infrastructure, manufacturing, services, and agribusiness.

In the financial sector, besides trade finance, IFC focus on financial institutions engaged in lending operations to support SMEs, microfinance, and agribusiness and food processing.

The IFC Country Manager expressed readiness of IFC to continue helping improve the investment climate and remove barriers for greater private sector investment through a range of advisory services projects.

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