In the face of unsustainable dependency on natural resources, the long-term National Development Strategy 2040 outlines the Kyrgyz Republic’s overall commitment to sustainable and inclusive growth, aiming for integrated policies that can balance the social, economic and environmental dimensions of development.
PAGE has been supporting the country in these effort since 2016, namely assisting the government in its efforts to integrate Inclusive Green Economy (IGE) goals into national planning processes. With evidence-based analysis, PAGE is also working with the government on sectoral reforms in green industry, sustainable agriculture and jobs and strengthening institutional capacities around IGE diagnostics, coordination, finance and public procurement.
In 2020, the COVID-19 pandemic and a political crisis significantly affected the economy of the Kyrgyz Republic prompting PAGE to develop a proposal to create a policy enabling environment for enhancing the sustainability and growth of Micro, Small and Medium Enterprises (MSMEs) as a key avenue for a green recovery. 2021 began with the election of a new president, followed by a shift from a parliamentary to a presidential form of government and major restructuring of ministries and agencies, creating challenges as well as new avenues for green economy efforts to continue moving forward.
Kyrgyz Republic is strengthening the enabling environment for green finance and the sustainability and growth of Micro, Small and Medium Enterprises (MSMEs) […]
Enhancing the Sustainability and Growth of MSMEs and Mobilizing Green Investments
Kyrgyz Republic is strengthening the enabling environment for green finance and the sustainability and growth of Micro, Small and Medium Enterprises (MSMEs) as a key avenue for a green recovery.
- Policy scenario analyses as a basis for promoting employment, improving job quality,and stimulating MSME development;
- Policy recommendations to increase coherence between employment, social, economic and environmental policies;
- The establishment of a National Green Investment and Credit Fund to mobilize public and private finance for greening the economic recovery; and
- A communication strategy to inform the wider public and strengthen collective ownership of green solutions.
PAGE work in the Kyrgyz Republic supports progress towards achieving SDGs 2 (Sustainable Agriculture) 4 (Quality Education), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), 9 (Industry, Innovation and Infrastructure), 11 (Sustainable Cities and Commodities), 12 (Responsible Consumption and Production), 13 (Climate Action) and 17 (Partnerships for the Goals), as well as implementation of the Paris Agreement, which the country ratified in November 2019.