ADB To Introduce New Financing Mechanisms In Kyrgyzstan
Date
2/18/2023 5:09:46 AM
(MENAFN- AzerNews) Asian Development bank (ADB) will assist in the introduction of
innovative financing mechanisms in Kyrgyzstan.
The representatives of the ADB Regional Department for Central
and Western Asia discussed the issue with Tilek Alimjanov, Chairman
of the Board of Aiyl Bank.
“Two large programs on technical assistance are being
implemented in Kyrgyzstan,” the ADB said.
These projects aim to extend the opportunities of sovereign
institutions to the introduction of innovative financing mechanisms
and the creation of conditions for 'green recovery' via sustainable
financing programs.
The chairman of Aiyl Bank noted that the bank was ready to
cooperate with the ADB.
Aiyl Bank was established in 1996 by the Government of the
Kyrgyz Republic, with the World Bank's financial and technical
assistance. Aiyl Bank is one of the largest financial institutions
in Kyrgyzstan that implements state programs on the development of
the agricultural sector, as well as provides a full list of
high-quality banking services, including service of retail and
corporate clients, investment banking, trade finance, and assets
management.
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