Kyrgyzstan's Water Sector Needs Significant Amount Of Investments
Date
6/6/2023 10:03:40 PM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 7. To modernize
Kyrgyzstan's irrigation networks, investments of some $800 million
are required, while an additional $400 million is needed to ensure
access to clean drinking water for the remaining villages, trend reports.
This announcement was made by Akylbek Zhaparov, the Chairman of
the Cabinet of Ministers of Kyrgyzstan at the Bishkek Water
Forum.
"The issue of water resource management is very relevant, with
the World bank (WB) and the government taking the lead. Together,
we will be able to unite other financial institutions in this
direction," he said.
According to Antonella Bassani, the WB's Vice President for the
Europe and Central Asia (ECA) region, water is a crucial condition
for economic growth and development. In Central Asian countries,
annual rates of economic growth could decrease by 6 percent of GDP
by 2050, due to water scarcity.
In turn, Saroj Kumar Jha, the Global Director for the WB Group's
Water Global Practice, said that there should be more investments
made for more efficient water management.
He also emphasized that it is important to unite the partner
efforts to provide clean water access for each person.
The Bishkek Water Forum, organized by the World Bank and the
Cabinet of Ministers of Kyrgyzstan, is currently underway in
Kyrgyzstan's capital. It serves as a platform for experts in the
water sector and influential individuals to work together in
resolving water-related challenges in Kyrgyzstan and the Central
Asian region.
The central theme of the discussions revolves around the
management of water resources.
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