Programmatic Development Policy Operation 1

closed

The objective of the First Development Policy Operation (DPO) Program for Kyrgyz is intended to support the Kyrgyz Government with the implementation of reforms and policy priorities highlighted in the national sustainable development strategy (2013-17) and the medium-term development program of the Kyrgyz Republic for 2012-14. This DPO supports key areas of the reform program with the objectives of: (i) strengthening governance and anti-corruption efforts and putting in place enforcement and evaluation and monitoring mechanisms, implementing key priority areas in the judicial sector to promote the rule of law, and improving public sector accountability and efficiency in the management and use of public resources, and (ii) sharpening competitiveness and enhancing the attractiveness for private investment through improving transparency and governance in the energy sector, reforms in the financial sector, and improving the environment for development of private business. The government is committed to its medium-term reforms in the face of high political, social and implementation risks. The DPO program takes into account the varying speeds of policy development and capacity limitations in the different reform areas. The core set of reforms for the two operations is fully identified. The program under the first operation of the series supports essential reform steps in the areas of governance, public financial management, private sector development, judicial reform, and energy. The second operation of the series will build on the achievements and interim results achieved by the reforms supported by this proposed operation.