Kyrgyz Republic, Oct. 29 -- The European Bank for Reconstruction and Development (EBRD) is providing financial of up to US$ 5 million (€4.3 million) to the Kyrgyz Investment and Credit Bank (KICB) to strengthen support for micro, small and medium-sized enterprises (MSMEs) across the Kyrgyz Republic.The financing, offered as a senior loan in synthetic Kyrgyz som, is designed to expand access to finance for MSMEs in the country.This partnership with KICB, which started in 2000, reflects the EBRD's commitment to fostering inclusive economic growth in the Kyrgyz Republic by empowering MSMEs, which form the backbone of the country's economy.
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