Kyrgyz Prime Minister Adylbek Kasymaliev has arrived in Washington, D.C. to participate in the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group. During his visit, Kasymaliev is expected to meet with senior World Bank officials to discuss ongoing and future investment projects in Kyrgyzstan.
Following the IMF and World Bank sessions, Kasymaliev is scheduled to hold high-level talks with Anna Bjerde, the World Bank’s Managing Director for Operations, and Antonella Bassani, Vice President for Europe and Central Asia. A key item on the agenda will be the planned construction of the Kambarata-1 Hydropower Plant (HPP) on the Naryn River.
The Kyrgyz government hopes to secure an interest-free loan of $500 million from the World Bank to support the project, which is estimated to cost $3.6 billion in total. Kambarata-1 is seen as a strategic initiative that could make Kyrgyzstan fully self-sufficient in electricity generation.
To date, approximately 4 billion Kyrgyz soms (about $46 million) have been allocated from the state budget for preliminary construction works. These funds are being used to build vital infrastructure including roads, a transportation tunnel, a bridge over the Naryn River, power lines, and temporary housing for workers.
In addition to his meetings with international financial institutions, Kasymaliev will also engage with executives from leading U.S. corporations. These discussions will not only cover the hydropower sector but will also highlight other government-led investment opportunities in Kyrgyzstan across various industries.
The Kyrgyz leadership has intensified efforts to attract foreign partners for its infrastructure and energy projects, as part of a broader strategy to enhance economic independence and modernize the national energy grid.
