Kyrgyz Republic, July 1 -- The Asian Development Bank (ADB) has approved a $70 million concessional loan for subprogram 2 of the Sustainable Fiscal Management and Governance Improvement Program, supporting policy reforms to strengthen fiscal resilience, transparency, and public resource management in the Kyrgyz Republic. While the Kyrgyz Republic has recorded robust economic growth in recent years, it remains exposed to external shocks, fiscal pressures, and climate-related risks. To address these challenges, the financing will broaden reforms under the program's first phase, approved in 2024, by implementing core legal, regulatory, and institutional frameworks for public financial management, state-owned enterprise governance, tax system m...