IsDB signs loan agreement with the Kyrgyz Republic to finance rural water supply and sanitation improvement project

Bishkek : 28 December 2016

His Excellency Mr. Adylbek Kasymaliev, Minister of Finance of the Kyrgyz Republic and Mr. Hisham Taleb Maarouf, Director of the Regional Office Almaty of the Islamic Development Bank Group, signed the Loan Agreement for financing of the Rural Water Supply and Sanitation Improvement Project.  Total amount of the loan financing is US$ 20 million. It merits highlighting that the loan is sourced from the concessional resources of the Islamic Development Bank and the Islamic Solidarity Fund for Development.

The Project development objective is to assist the Kyrgyz Republic to (i) improve access and quality of water supply in target rural communities, (ii) improve sanitation services primarily in schools, and health centers in the selected villages and (iii) strengthen capacity of institutions in the water supply and sanitation sector. Upon project completion, the result expected is the improved water supply and access to safe drinking water and sanitation to the current local population of about 78,000 residing in 24 villages of Jalal-Abad region of the Kyrgyz Republic.­­­­­­

This project is to be financed jointly with the World Bank under the Partnership Agreement (Deep Dive) signed between the Islamic Development Bank Group and the World Bank Group in October 2015. The total project cost is USD 51 mln., including USD 20 mln IDB financing, USD 23.5 mln co-financing by World Bank and USD 7.5 mln contribution from the Government of Kyrgyz Republic. While the IDB financing will cover project activities in selected districts of Jalal-Abad region, the World Bank financing will be covering selected districts in Chui, Osh, and Issyk-Kul regions of the Kyrgyz Republic.

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© Press Release 2016