Appraisal Project Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Components 2
• PROJECT FINANCING DATA US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Operation Cost 50.00 2
• Total Financing 50.00 2
• Financing Gap 0.00 2
• The World Bank 3
• DETAILS 3
• World Bank Group Financing 3
• B. Introduction and Context The Kyrgyz Republic a land-locked lower-middle-income country in Central Asia was hit hard by the pandemic 3
• The Kyrgyz Republic is highly vulnerable to climate change and natural disasters. 3
• The World Bank 4
• A robust and sustainable economic growth and development in the Kyrgyz Republic requires addressing rising 4
• Efforts are underway to create an enabling environment for sustainable finance. 4
• The World Bank 5
• Globally National Development Financial Institutions NDFIs are leading providers of climate finance 5
• The SDB and the GF are working towards becoming green financial institutions. 5
• The SDB and the GF will need to become a catalyst in creating a sustainable finance market in the Kyrgyz 5
• The World Bank 6
• The market readiness for creating and developing a sustainable finance market has significantly improved in a 6
• D. Project Description 6
• Component 1 Green and sustainable finance US30 million. 6
• Subcomponent 1.1 Wholesale co-financing to Participating Financial Institutions PFIs. 6
• Subcomponent 1.2 Funding Contribution to the GFF. 6
• Component 2 Green Guarantees US19.5 million. 6
• Subcomponent 2.1 Green PRSF for MSMEs. 6
• The World Bank 7
• Subcomponent 2.2 Individual green guarantees. 7
• Component 3 Project Implementation and Sustainable Finance Capacity Building US0.5 million. 7
• Triggered 7
• The projects environmental and social risks are assessed as Moderate at the Appraisal stage. 7
• The World Bank 8
• E. Implementation 8
• The World Bank 9
• CONTACT POINT 9
• World Bank 9
• BorrowerClientRecipient 9
• The Kyrgyz Republic 9
• Implementing Agencies 9
• The Ministry of Finance 9
• FOR MORE INFORMATION CONTACT 9
• APPROVAL 9
• Approved By 9
• The World Bank 10