Bishkek, Oct. 8, 2026 /Kabar/. Mederbek Tumanov, Deputy Minister of Economy and Commerce of Kyrgyzstan, and Hugh Riddell, Head of the World Bank Group’s Country Office in Kyrgyzstan, signed an agreement on October 7.
Under the agreement, the Ministry of Economy and Commerce and the World Bank Group will foster cooperation in the field of alternative investment specifically, raising funds for businesses through new investment mechanisms.
"The cooperation aims to expand private sector financing opportunities, create clearer conditions for businesses and investors, and establish a legal framework for financing enterprises, startups, and innovative projects," the statement says.
Work continues to improve the regulatory framework for alternative investment as part of the agreement. The collaboration entails providing expert and technical support to develop the rules necessary for the practical implementation of these new financing mechanisms.
The ministry emphasized that another area of cooperation will involve developing approaches to pool partner resources and utilize development tools to attract international capital. Particular attention will be paid to co-financing opportunities and the terms of participation for interested investors.
