Advancing Green Investment and Resilient Economic Growth Program (Subprogram 1)

approved

The program supports the Kyrgyz Republic's ambitious reform agenda to accelerate climate action, attract sustainable investment, and transition to a low-carbon, climate-resilient economy. It aims to (i) strengthen climate-aligned policies, coordination, and institutional arrangements; (ii) enhance the enabling environment for mobilizing public and private finance for climate action; and (iii) strengthen adaptation priorities and resilience to climate impacts. Subprogram 1 ($50 million), implemented from January 2024 to September 2025, established the foundation for new regulations, sector programs, initiatives, and institutional frameworks. Subprogram 2 ($50 million), scheduled from September 2025 to June 2027, will continue and expand operationalization of the frameworks that have been adopted. These integrated fiscal, financial, and institutional reforms aim to reduce climate-induced economic vulnerabilities, improve public financial management (PFM), and unlock investment opportunities.The program's impact is aligned with the National Development Strategy of the Kyrgyz Republic for 2018-2040 and the National Development Program of Kyrgyz Republic until 2030 to provide better economic opportunities for citizens through sustainable, inclusive, and resilient economic growth. The program outcome is climate action, investment, and the green economy transition accelerated. The program will create a coherent and effective institutional setup, mobilize climate finance, and develop adaptation priorities to strengthen the country's economic resilience to climate change. Crosscutting issues of gender and social inclusion are addressed together with improved standards, environmental management, and support to regional cooperation and integration. Strengthened institutions and policies will drive more climate investments, open new sectors for growth, and support a resilient, low-carbon green economy, resulting in higher and sustainable growth.