The World Bank has approved a funding of US$50 million to support the Government of Kyrgyz Republic in the development of the financial performance and operational reliability of the electricity sector in Kyrgyzstan.

50% of the funding is in the form of a grant, while the other half is a 38-year credit with a 0.75% administrative fee and a six-year grace period. The project is also co-financed by the Swiss State Secretariat for Economic Affairs, which will provide an additional US$8 million in grant funding.

The project aims to improve financial performance, provide a reliable electricity supply and create a supportive social protection mechanism for vulnerable populations.