Kyrgyzstan Seeks To Pull Fortune From World Bank's IDA To Set Up Kindergartens

2025-09-22 06:07:07

(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, September 22. Kyrgyzstan plans to secure $6.2 million in financing from the International Development Association (IDA) for the construction of kindergartens, MP Dastan Bekeshev announced at the parliament hearings, Trend reports.

"Of this amount, $4 million would be provided as an interest-free loan with a 50-year maturity, while $2.2 million would come in the form of a grant.

The support is crucial, as more than half of children in the country remain outside the preschool education system," said Bekeshev.

IDA is a World Bank financial institution that helps to fight extreme poverty in the 74 world's lowest-income countries by providing concessional loans and grants. Eligibility for IDA support depends first and foremost on a country's relative poverty, defined as GNI per capita below an established threshold and updated annually ($1,325 in the fiscal year 2026). Some countries are IDA-eligible based on per capita income levels and referred to as“blend” countries. Kyrgyzstan is a blend country for IDA.

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