OREANDA-NEWS. On 30-31 July 2015 Eurasian Development Bank's (EDB) delegation headed by Dmitry Pankin, Chairman of the Management Board, visited the Kyrgyz Republic.

During the visit Dmitry Pankin met with Kyrgyzstan's Prime Minister Temir Sariyev. The parties discussed the current results of EDB's work in Kyrgyzstan and key areas for its future operations in the country.

In addition, the EDB delegation had meetings and talks with Minister of Transport and Communications Argynbek Malabayev and Minister of Energy and Industry Kubanychbek Turdubaeyv. The parties discussed the work of EDB and the Eurasian Fund for Stabilisation and Development (EFSD), the resources of which are managed by EDB, as well as potential joint investment projects and programmes.

EDB and the Kyrgyz government signed an agreement on the provision of a US \\$100 million investment credit from the EFSD to finance Phase 2 of the Toktogul HPP rehabilitation project. The EFSD funds will be used to finance the recovery of the plant's Unit 2 and 4, as well as gates and hydraulic structures.

The EFSD has five projects in Kyrgyzstan: Phase IV of the Bishkek-Osh road reconstruction; financing agricultural machinery supplies to the Kyrgyz Republic; Phase 2 of the Toktogul HPP rehabilitation; commissioning of Unit 2 at Kambarata HPP-2; and construction of distribution infrastructure in the Kyrgyz Republic to export agricultural produce to the Customs Union. The overall value of these projects is US \\$285 million.