BISHKEK, Kyrgyzstan, August 1. The World Bank's Board of Executive Directors has approved $27 million for the National Community Initiatives Project (NCIP) in Kyrgyzstan, Trend reports.
According to the WB, the project, set to run through 2029, aims to improve local socio-economic infrastructure and boost economic opportunities, focusing on women and youth. The Community Development and Investment Agency (ARIS) will implement the project, with overall coordination by the Ministry of Economy and Commerce.
Up to $450,000 will be allocated to each of the 40 sub-districts for infrastructure projects identified through local assessments. These projects may include schools, health facilities, water systems, and climate-adaptive measures such as renewable energy and efficient street lighting.
Additionally, fifteen selected sub-districts will receive grants ranging from $200,000 to $300,000 to support local economic projects, including agricultural processing, handicrafts, eco-tourism, and green enterprises. These grants aim to foster business startups and expansions, creating jobs for women, youth, and vulnerable groups.
The project will also provide training for local governments and communities on needs assessment, investment management, climate change, and economic empowerment.
Under the project, women and youth will be actively involved in planning and investment processes, with tailored training to enhance women’s leadership and support entrepreneurship and youth engagement.
Climate resilience will be a key consideration across all project aspects, including community mobilization and infrastructure investments.
The project is funded by the International Development Association (IDA) with a $25 million zero-interest credit and a $2 million grant from the Early Learning Partnership (ELP). The IDA credit includes a 50-year repayment term with a 10-year grace period.