Bishkek, July 1, 2026. /Kabar/. The Asian Development Bank (ADB) has approved a $70 million concessional loan for subprogram 2 of the Sustainable Fiscal Management and Governance Improvement Program, supporting policy reforms to strengthen fiscal resilience, transparency, and public resource management in Kyrgyzstan.
"This program is an important step toward building a stronger and more resilient economy," said ADB Country Director for the Kyrgyz Republic Zheng Wu. "By improving the governance of state-owned enterprises and modernizing tax administration, the government is creating a more transparent and predictable environment for businesses, investors, and citizens."
While the Kyrgyz Republic has recorded robust economic growth in recent years, it remains exposed to external shocks, fiscal pressures, and climate-related risks. To address these challenges, the financing will broaden reforms under the program’s first phase, approved in 2024, by implementing core legal, regulatory, and institutional frameworks for public financial management, state-owned enterprise governance, tax system modernization, and anti-corruption.
The program’s focus is on public financial management through a unified system for program-based budgeting, medium-term expenditure planning, and performance monitoring. It will also modernize tax administration by utilizing digital tools for audits, tracking and preventing illicit financial flow, and simplifying processes for small businesses, particularly those led by women.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.