The Kyrgyz Republic, because of abundant hydropower resources, was the largest net power exporter in the Central Asian Power System during the 1990s and 2000s. However, load shedding was common during years when the river water levels and discharges were low due to hydrologic fluctuations.
Since the collapse of the Soviet Union, the Kyrgyz Republic has made significant progress in adopting market-based reforms, with private sector development as the key engine of growth. Nevertheless, growth has occurred largely from natural resource exploitation and remittances-backed private consumption.
Lake Issyk–Kul in the eastern part of the Kyrgyz Republic is the world’s second largest saline lake; a Ramsar site of globally significant biodiversity; and a United Nations Educational, Scientific and Cultural Organization designated biosphere reserve. In September 2009, the Asian Development Bank (ADB) approved a $16.5 million loan and a $13.5 million grant for the Issyk-Kul Sustainable Deve
Transport corridor 3 of the Central Asia Regional Economic Cooperation (CAREC) program runs from the People’s Republic of China (PRC) through Irkeshtam at the PRC–Kyrgyz Republic border and Karamyk at the Kyrgyz Republic–Tajikistan border toward several Central Asian countries, including Afghanistan and Pakistan to the south and Uzbekistan to the west.
By project appraisal in 2004, significant progress had been made in trade liberalization and trade-related policy by the Kyrgyz Republic, which was still in transition to private sector-led and market-oriented economy. This was evidenced by the country’s accession to the World Trade Organization in 1998.
In our effort to provide our visitors the best user experience, we would like to hear your feedback. Do you have three minutes to answer a quick survey?
Evaluation-Lessons.org uses cookies to improve your user experience. To learn more, click here to view our cookie policy. By clicking on OK or continuing to use the site, you agree that we can place these cookies.
