AKIPRESS.COM - World Bank Board of Directors endorsed Nov 13 a new World Bank Country Partnership Framework (CPF) for the Kyrgyz Republic.
CPF defines the strategic focus of the World Bank Group’s engagement with Kyrgyzstan for 2019-2022. Its goal is supporting diversified, export-oriented growth that is both inclusive and sustainable.
“The Country Partnership Framework is based on continuous discussions with the government of the Kyrgyz Republic and incorporates findings from consultations we undertook with all our development partners in the country,” said Lilia Burunciuc, World Bank Country Director for Central Asia. “Based on this Framework, the World Bank Group will provide policy advice and financing of more than $300 million over the next four years to support sustainable growth, create jobs, and improve the lives of the people of the Kyrgyz Republic.”
The CPF identifies three key areas for development in the coming years: strengthening foundations for inclusive private sector-led growth; raising productivity and building greater connectivity; and enhancing economic opportunities and building resilience through investments in human capital. The Framework is also fully aligned with both the Kyrgyz Republic’s Sustainable Development Strategy to 2040 and the government’s medium-term ‘Unity, Trust, Creation’ program.