Kyrgyzstan - The Times Of Central Asia

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Tashkent Investment Forum Focus on Kyrgyzstan’s Kambarata HPP-1

The construction of the Kambarata hydroelectric power plant (HPP)-1 on Kyrgyzstan’s Naryn River was at the forefront at the Third Tashkent International Investment Forum attended by Uzbekistan’s Prime Minister Abdulla Aripov and representatives of international organizations and financial institutions. At the panel session on energy, on 2 May, Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov, outlined the master plan behind Kambarata HPP-1, investment indicators, and its potential benefits to water resources management and Central Asia’s electricity market. Japarov explained that generated by hydropower, almost all electricity in Kyrgyzstan is green, but stated, “We have so far used only about 13% of our existing potential. Taking into account global challenges and trends in the development of green energy, the Cabinet of Ministers of the Kyrgyz Republic has actively begun to implement infrastructure energy projects. The large-scale construction of Kambarata HPP-1, strategically important for the entire region, will up the pace of development in this field.” Kyrgyzstan, Kazakhstan, and Uzbekistan recently signed a Roadmap for joint construction of Kambarata HPP-1. If completed, Kambarata HPP-1 will have a capacity of 1860 MW and will generate 5.6 billion kWh of electricity per year. A forum for further discussions on foreign investment in the project is scheduled for early June in Vienna . Turning to plans for hydroelectric power plants elsewhere in the country, Kyrgyzstan’s Prime Minister, stated, “Work is underway to implement projects for the construction of a cascade of hydroelectric power plants on the Chatkal River, as well as a cascade of Kazarman hydroelectric power plants on the Naryn River. Our country needs foreign investment to develop energy, which is the main sector of the economy. We invite foreign companies to consider the possibility of participating in the construction of small and medium-sized hydroelectric power stations and renewable energy sources in Kyrgyzstan.”

Children Hospitalization Injuries Kyrgyzstan

Kyrgyzstan: Truck Hits Students Performing at Event, Injuring 29

A truck has mowed through a crowd of students during a hillside event in Kyrgyzstan, injuring 29 children in an incident that was captured on video, media reported on Thursday. The Health Ministry said three of the injured children were in a serious condition following the incident in Suzak district, the state-run Kabar News Agency reported. The agency said there was no driver in the truck, and that there were indications that the incident was accidental. An investigation is underway. Video shows hundreds of people, many of them spectators and others in formation holding a huge national flag scatter as the truck goes down the hill and ploughs through the crowd. In another video, people are heard screaming and shouting as the truck is seen knocking over a tent. The students had been performing Manas, an epic poem that is integral to Kyrgyz culture, as part of a competition, according to traffic safety officials.

Border disputes Legislation Migration Security Tajikistan Kyrgyzstan

Tajikistan and Kyrgyzstan May Swap Territories to Ease Border Tensions

In order to solve their long-running border demarcation dispute, Kyrgyzstan and Tajikistan may consider the option of exchanging territories. That's according to remarks made by Marat Imankulov, the Secretary of the Security Council of the Kyrgyz Republic, in an interview with state news agency, Kabar. According to him, the remarkable thing is that the border in the Batken region passes through difficult terrain, densely populated areas, bisecting streets, yards, and even houses. “Therefore, it should be separated. This is a difficult compromise. It is impossible without it. We have to give way. If necessary, the option of exchanging regions can be considered. Of course, there should be a preliminary agreement with local residents; that's how things are going now,” said Imankulov. The Secretary of the Security Council noted that each country has its own interests, but the parties are now looking for balance and compromise. Imankulov added that all border negotiations should proceed peacefully. Demarcation of the border has been a long-standing source of conflict between the two nations, it is emblematic of the problem that even the length of the border - sometimes cited as being 975-kilomtres long, and at others times 972-kilomteres - is rarely agreed upon. In January 2023, Tajikistan’s President Rahmon stated that 614-kilometres had been settled upon, backtracking on a previously stated figure of 664. In a sign of thawing relations, however, on November 9th 2023, the Cabinet of Ministers of the Kyrgyz Republic announced that a further 17.98 kilometers of the border had been agreed. With its scant natural resources and dwindling water supplies, the border between Kyrgyzstan and Tajikistan has been the scene of numerous skirmishes for many years. In 2014, all borders between Kyrgyzstan and Tajikistan were closed indefinitely to Kyrgyz and Tajik citizens following clashes over a bypass road in disputed territory; mortars were fired and both armies suffered casualties. Trouble spilled over again throughout 2021 and 2022, reportedly starting over a water dispute in the Vorukh enclave, and leaving an unknown number in the hundreds killed, and up to 136,000 people evacuated. In September 2022, another shooting took place on the border between the two countries.

Asian Development Bank Economy Central Asia Finance Kyrgyzstan Investments Banking

ADB Allocates $56 Million for Sewage Treatment Plant to Protect Issyk-Kul

The Asian Development Bank (ADB) has agreed to allocate money for the construction of a sewage treatment plant in Cholpon-Ata, Kyrgyzstan's main resort city on the northern shore of the high-mountain Lake Issyk-Kul, which is the crown jewel of the Kyrgyz tourism industry. . According to the State Agency of Architecture and Construction, the ADB will allocate $31 million in the form of a grant and $25 million as a soft loan for the construction of a sewage treatment plant with a capacity of 14,200 cubic meters per day. The funds will also be used to build 18 sewage pumping stations, 45km of main sewers, and 109km of intra-square sewage networks in the city of Cholpon-Ata. "To date, the design and cost- estimate documentation for the sewage treatment plant, two main pumping stations and sewage collector in the city of Cholpon-Ata, and tender documents for them, [have been] sent for consideration by the Asian Development Bank," reported the press service of the State Construction Committee. The agency emphasizes that all local guest houses, sanatoriums and resorts will be able to connect to the central sewage system. Environmentalists have repeatedly warned of unfavorable ecological degradation of the waters of Lake Issyk-Kul, because of hundreds of hotels located in the coastal zone. Today, most sewage treatment facilities in the coastal towns of Balykchy, Karakol and Cholpon-Ata are out of operation. Those sewage systems were put into operation in the 1960s or 1970s, and received little maintenance or upkeep.

Kyrgyzstan Finance Banking Central Asia Economy Legislation

National Bank of Kyrgyzstan Slashes Its Key Lending Rate, Explains Move Amid Weaker Inflation

Kyrgyzstan's national bank has lowered its discount lending rate by 200 basis points to 11%, from 13% previously. As reported by the Kyrgyz National Bank's press service, its monetary policy since the beginning of 2022 has focused on limiting the growth of inflationary pressures and ensured stabilization of price dynamics in the country, which led to slower price growth and bringing current inflation within the medium-term target and reducing the level of inflationary expectations of economic entities. Under these conditions, the National Bank decided to reduce the size of the discount rate to 11%. "Inflationary processes in the Kyrgyz Republic continue to weaken. The indicator of annual inflation in April 2024 amounted to 5.2 percent, down from 7.3 percent in December 2023, and is near the lower boundary of the medium-term monetary policy target of 5-7 percent. [Within] the structure of inflation, a pronounced slowdown in price growth is observed in the food group of goods (to 1.1 percent in April 2024 from 3.4 percent in December 2023), which is also influenced by the decline in prices in world food markets. The growth rate of prices for non-food goods and services is decreasing, with more restrained dynamics," explained the bank. In Kyrgyzstan economic activity is robust. Real GDP growth in the first quarter (January-March) of 2024 amounted to 8.8%. As before, the main contributions to economic growth came from the services sector, construction and manufacturing industries. Domestic consumption remains elevated, including at the expense of growth in consumer lending, and is helped along by an increase in net inflows of remittances into the country as Russia's acute worker shortage due to its war in Ukraine helps Central Asian migrant laborers. Despite the persistence of uncertainty in the external economic environment, there is a decrease in the intensity of the influence of external inflationary factors, the National Bank said. "The country's banking sector remains stable and demonstrates growth of key indicators. In general, commercial banks have sufficient liquidity, which creates the basis for further lending to the real sector of the country. In the money market, short-term interest rates continue to be formed within the interest rate corridor set by the National Bank. The domestic foreign exchange market is stable. The adopted decision corresponds to the course of the National Bank's monetary policy, aimed at maintaining price stability in the country and creating conditions for macroeconomic stability," the central bank's press service summarized.

Kyrgyzstan Turkmenistan Tajikistan Kazakhstan Uzbekistan US aid to education

First-Time Graduates of U.S. Program for English and Professional Skills in Central Asia

Last weekend, young and mid-career professionals in the energy and environment sectors, celebrated their completion of the U.S.-funded regional C5 + Opening Networks through English (C5 + O.N.E.) program. Spread throughout Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, they were the first graduates of a nine-month intensive course in English and professional development implemented by the American Council for International Education with support from U.S. embassies. A total of around 1,100 participants in three cohorts are currently enrolled in the program which operates throughout Central Asia. The US Embassy in Kyrgyzstan reports that 189 professionals throughout the country are currently enhancing their English and professional skills through three weekly classes, supplemental field trips and online seminars. Some participants from Kyrgyzstan’s Cohort One are due to present their advanced, final projects at a regional C5 + O.N.E. conference this September in Tashkent. Cohort Two students will graduate in August 2024, and Cohort Three, will complete their studies later in November. Outlining the objectives of the U.S. government’s unique regional project, U.S. Ambassador to the Kyrgyz Republic, Lesslie Viguerie stated: “C5 + O.N.E. is a testament to the U.S. commitment under the C5 + 1 diplomatic platform to advance shared goals among Central Asian nations. This program builds networks that are essential in today’s globalized world.”