BISHKEK, Kyrgyzstan, September 5. The World Bank (WB) is ready to finance significant projects in the energy sector of Kyrgyzstan, Naveed Hassan Naqvi, the head of the World Bank (WB) office in Kyrgyzstan, said, during a meeting with the Chairman of the Cabinet of Ministers of Kyrgyzstan, Akylbek Japarov, Trend reports.
Naqvi also emphasized the WB’s willingness to provide funding for projects related to clean water, irrigation, and agriculture in Kyrgyzstan.
During the meeting, the sides discussed the new framework partnership program of the WB for 2024–2028, agreements between Kyrgyzstan and the bank, and the development of the energy industry, including the Digital CASA project.
The Digital CASA project, which was approved on July 2, 2018, was originally scheduled for completion by 2023. However, due to a delayed start, it is now expected to conclude in 2025. This project aims to expand internet access and improve its quality throughout the country while also attracting private sector investments.
Funding for the Digital CASA project is provided by the WB, with a total cost of $50 million, comprising 50 percent in grant funding and the remaining portion as a loan.