On December 5, 2024, Uluk Kydyrbaev, Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, met with Mr. Sumit Shukla, Senior Investment Specialist at the International Finance Corporation (IFC), at the Secretariat's office.

During the meeting, the parties discussed key projects and initiatives implemented by IFC in the framework of Public-Private Partnerships (PPPs). Special attention was given to priority areas and new opportunities for further collaboration in sustainable development.

IFC is one of the Secretariat's active partners, regularly participating in Investment Council meetings. Notably, several significant projects in the field of renewable energy have been reviewed during these sessions, highlighting the importance of innovative approaches to developing a green economy in the Kyrgyz Republic.

Both parties agreed to maintain active collaboration to successfully implement PPP projects and attract international investments into the country’s strategic sectors.

The development of renewable energy sources (RES) contributes to the energy independence of countries by reducing reliance on imported fossil fuels. With low operating costs and stable resource prices, RES provide long-term economic benefits.

Moreover, their development creates jobs in emerging sectors and promotes the adoption of innovative technologies. RES are particularly well-suited for supplying electricity to remote areas where traditional infrastructure is lacking and play a key role in advancing the green economy and sustainable development.