Bishkek, Nov. 13, 2026 /Kabar/. On the sidelines of the 31st Conference of the Parties to the UN Framework Convention on Climate Change (COP31), an official ceremony was held to announce the countries selected to participate in the ARISE (Accelerating Resilience Investments and Innovations for Sustainable Economies) global investment program, an initiative of the Climate Investment Funds (CIF), the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic reported.
Aibek Asanov, Director of the Climate Finance Center of Kyrgyzstan, attended the official announcement ceremony. Following the selection process, Kyrgyzstan was included among the participating countries in the program, which aims to expand funding for climate change adaptation measures, develop resilient infrastructure, and enhance the economic resilience of nations against climate-related risks.
Under the program, a $30 million package of concessional climate financing has been allocated to Kyrgyzstan. This support will create additional opportunities for implementing national priority projects designed to bolster climate resilience and reduce the vulnerability of key economic sectors to the impacts of climate change. The event also featured a bilateral meeting between Aibek Asanov, Director of the Climate Finance Center (CFC), and Tariye Gbadegesin, Executive Director of the Climate Investment Funds (CIF). The meeting took place within the framework of the CFC’s role as the National Designated Authority (NDA) for the CIF.
The parties discussed Kyrgyzstan’s participation in the ARISE program, prospects for further cooperation with the CIF, and opportunities to mobilize climate finance to support national priorities.
The preparation of this project proposal was initiated by the Climate Finance Center, in collaboration with the National Investment Fund and with the support of the Asian Development Bank. The initiative envisions the creation of a comprehensive national climate finance system that integrates public resources, international concessional financing, and private investment.
