On April 4, 2025, the Memorandum of Understanding between the “OJSC” State Development Bank of the Kyrgyz Republic and the European Investment Bank (EIB) on co-financing infrastructure projects in the transport and energy (RES) sectors and financing green projects in the Kyrgyz Republic has been signed.

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.   EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society.

The purpose of the memorandum is to define the framework for the proposed cooperation between the Parties in the context of improving the transport infrastructure in the Kyrgyz Republic and Central Asia, as well as to facilitate the development of mechanisms for joint financing of projects and programs to improve transport and energy infrastructure, low-carbon development, transition to renewable energy sources and promotion of green initiatives in the Kyrgyz Republic.

The Memorandum of Understanding is a tool for further work with the EIB related to the signing of a loan agreement(s) to provide resources to the Bank in the amount of EUR 50 million for specific projects in the above-mentioned areas.