BISHKEK, Kyrgyzstan, May 6. Kyrgyzstan and the
Asian Development Bank (ADB) have signed a framework agreement
aimed at accelerating the launch and implementation of socially and
economically significant projects in the country, Trend reports, citing the
Ministry of Finance of Kyrgyzstan.


The agreement was signed following talks between Kyrgyz Finance
Minister Ruslan Suinaliev and ADB Vice President Yingming Yang on
the sidelines of the 59th Annual Meeting of the Asian Development
Bank, held in Samarkand.


During the meeting, the sides discussed the current state and
prospects of bilateral cooperation, as well as the implementation
of joint projects aimed at supporting Kyrgyzstan’s socio-economic
development.


The ADB Vice President reaffirmed the bank’s readiness to
continue providing comprehensive support to the country, including
assistance in advancing structural reforms, modernizing public
administration, and promoting digitalization.


He noted that the Asian Development Bank will continue
supporting priority initiatives aimed at sustainable economic
growth and improving the quality of life of the population.


In turn, Suinaliev expressed gratitude for ADB’s support,
emphasizing the importance of budget assistance in ensuring
macroeconomic stability and advancing key reforms.







“Kyrgyzstan is always open to constructive and mutually
beneficial cooperation. We highly value our partnership with the
Asian Development Bank and are ready to further expand joint work
on strategically important projects,” he said.


The parties expressed confidence that further strengthening of
the partnership will contribute to sustainable economic development
and effective implementation of reforms.


Recently, ADB also issued its first disaster resilience bond
(DRB) for Kyrgyzstan and Tajikistan.


The $80 million 3-year DRB for the Kyrgyz Republic has a coupon
(per annum) comprised of compounded Secured Overnight Financing
Rate (SOFR) plus a funding margin of 4 basis points plus a risk
margin of 600 basis points. It was priced at par with a maturity
date of 30 May 2029.