Bishkek, Kyrgyz Republic, January 21, 2015—
IFC, a member of the World Bank Group, is holding a forum in Bishkek to examine the opportunities and challenges of implementing public-private partnerships (PPPs) in the Kyrgyz Republic, part of an effort to help improve the country’s infrastructure.
The event will explore how PPPs can help the Central Asian state address some of its most pressing infrastructure needs, and will focus on power stations, airports, and municipal infrastructure. It will examine best practices from around the world and feature case studies by leading private investors, international financiers, consultants, and government representatives.
“There is great potential for PPPs in transport, energy, urban infrastructure, and basic social services like schools and hospitals,” said Temir Sariev, Minister of the Economy. “The government prioritizes the development of PPPs, and this vision is reflected in the National Sustainable Development Strategy, an important document for the Kyrgyz Republic.”
In an effort to encourage private sector investment in infrastructure, the Kyrgyz Republic has updated its PPP laws, making them compliant with international best practices, and established a fund to develop and finance PPP projects.
“Public funding alone will not be able to support the infrastructure financing needs of the Kyrgyz Republic,” said Martin Naegele, IFC Country Manager. “A sustained and structured process for mainstreaming the implementation of PPPs will be critical for attracting private business to work with the Kyrgyz government.”
IFC has been providing advice to national and municipal governments on designing and implementing PPPs for over 25 years. Since fiscal year 2004, we have signed over 200 projects in 76 countries, many in the world’s poorest states. In fiscal year 2014 alone, IFC had an active portfolio of 80 PPP projects in 45 countries. In parallel, IFC as global financial institution invests in private business implementing and operating PPPs around the world.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit
www.ifc.org
.
Stay connected
