BISHKEK, Kyrgyzstan, July 28. The Islamic Corporation for the Development of the Private Sector (ICD) has approved financing for Kyrgyzstan totaling $46.90 million since its inception, of which $22.09 million has already been disbursed.
The data obtained by Trend from the ICD indicates that Central Asian states show varied levels of engagement with ICD financing. Uzbekistan has also secured substantial support, with $777.96 million approved and $603.13 million disbursed. Kazakhstan has attracted a significantly larger share, with ICD gross approvals reaching $230.80 million and disbursements totaling $43.48 million.
Tajikistan has received $43.50 million in ICD approvals, with a $42.2 million already disbursed. In Turkmenistan, gross approvals stand at $20 million, while disbursements total $23.50 million.
Disbursements exceeding approvals in some countries are due to the implementation of regional or global projects.
Overall, the ICD's cumulative gross approvals have reached $7.58 billion, with total disbursements amounting to $5.03 billion since its inception
The ICD, based in Jeddah, is part of the Islamic Development Bank (IsDB) Group. Established in 1999, the institution aims to support private sector growth in its 56 member countries. It focuses on projects that create jobs, boost exports, and expand Islamic finance, while encouraging cross-border investment and cooperation with both international and local financial institutions.
