Jeddah, Kingdom of Saudi Arabia, 19th June 2023 - Today, The President of the Islamic Development Bank (IsDB) H.E. Dr. Muhammad Al Jasser and H.E. Mr. Sadyr Japarov, President of the Kyrgyz Republic, held a highly productive meeting on the sideline of the GCC-Central Asia Summit. The esteemed leaders engaged in fruitful discussions, expressing their unwavering commitment to strengthening the bilateral partnership between the IsDB Group and the Kyrgyz Republic, with a shared vision of fostering mutual development and growth in the region.

At the meeting, Dr. Al Jasser expressed sincere gratitude to the Government of the Kyrgyz Republic for its steadfast support to the IsDB Group over the years.

Dr. Al Jasser emphasized the potential for fruitful cooperation between the IsDB and the Kyrgyz Republic, particularly in light of the priority projects identified during the last ACG roundtable meeting. These projects, amounting to US$ 1.9 billion, offer significant opportunities for sustainable growth and development.

Furthermore, Dr. Al Jasser highlighted the ongoing efforts of the IsDB in preparing the Member Country Partnership Strategy (MCPS) for the Kyrgyz Republic. This strategy aims to align projects coherently with the IsDB's new strategic direction and the national development agenda of the Kyrgyz Republic.

Dr. Al Jasser conveyed his congratulations to President Japarov on the signing of the financing agreement and Technical Assistance (TA) for the reconstruction of the Suusamyr-Talas-Taraz Road, Phase IV (km 104.6-197.6). The IsDB eagerly anticipates the commencement of this crucial project, which will undoubtedly contribute to the country's infrastructure development.

Both leaders expressed great optimism about the future of the IsDB-Kyrgyz Republic partnership, reinforcing their commitment to working together for the collective prosperity and well-being of the project beneficiaries.