Meeting with Representatives of the International Finance Corporation

On July 7, 2025, a meeting was held at the office of the Hungarian-Kyrgyz Development Fund (HKDF) with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group.

The IFC delegation included Dmitry Pyatachenko, IFC Country Officer in the Kyrgyz Republic; Bozor Davlatmamadov, Senior Investment Officer (Agribusiness and Services; Middle East, Central Asia, Turkey, Pakistan, and Afghanistan); and Erkin Asrandiev, Consultant. On behalf of HKDF, the meeting was attended by Ulan Sarbanov, Chairman of the Management Board; Meerim Chynybekova, Expert of the Credit and Investment Service; and Bakhtiyar Sultanov, Expert of the Credit and Investment Administration Service.

The parties discussed potential formats for cooperation, including joint projects and co-financing mechanisms. The IFC representatives presented the corporation’s main areas of activity and the instruments it offers to support the private sector in developing countries.

The Chairman of the HKDF Management Board informed the participants about the approval of the National Development Program of the Kyrgyz Republic until 2030 by the President of the Kyrgyz Republic, Sadyr Japarov. He emphasized the importance of partnerships with international financial institutions and outlined the Fund’s priorities — the development of Kyrgyz-Hungarian economic cooperation, economic modernization, and the financing of projects of mutual interest for Kyrgyz and Hungarian enterprises. He also provided information on the criteria and conditions for obtaining financing from HKDF.

The meeting was held in a constructive and businesslike atmosphere, highlighting the prospects for further collaboration.