Bishkek, Kyrgyz Republic, January 21,
2015—IFC, a member of the World Bank Group, is holding a forum in
Bishkek to examine the opportunities and challenges of implementing public-private
partnerships (PPPs) in the Kyrgyz Republic, part of an effort to help improve
the country’s infrastructure.
The event will explore how PPPs can help the Central Asian state address
some of its most pressing infrastructure needs, and will focus on power
stations, airports, and municipal infrastructure. It will examine best
practices from around the world and feature case studies by leading private
investors, international financiers, consultants, and government representatives.
“There is great potential for PPPs in transport, energy, urban infrastructure,
and basic social services like schools and hospitals,” said Temir Sariev,
Minister of the Economy. “The government prioritizes the development
of PPPs, and this vision is reflected in the National Sustainable Development
Strategy, an important document for the Kyrgyz Republic.”
In an effort to encourage private sector investment in infrastructure,
the Kyrgyz Republic has updated its PPP laws, making them compliant with
international best practices, and established a fund to develop and finance
“Public funding alone will not be able
to support the infrastructure financing needs of the Kyrgyz Republic,”
said Martin Naegele, IFC Country Manager. “A sustained and structured
process for mainstreaming the implementation of PPPs will be critical for
attracting private business to work with the Kyrgyz government.”
IFC has been providing advice to national and municipal governments on
designing and implementing PPPs for over 25 years. Since fiscal year 2004,
we have signed over 200 projects in 76 countries, many in the world’s
poorest states. In fiscal year 2014 alone, IFC had an active portfolio
of 80 PPP projects in 45 countries. In parallel, IFC as global financial
institution invests in private business implementing and operating PPPs
around the world.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org.