Making it official with inclusive green economy in Kyrgyz Republic

Photo by Oziel Gómez on Unsplash

29 August 2018, Bishkek, Kyrgyz Republic - With an economy mainly driven by agriculture, extractive industries and hydropower, land degradation and desertification poses serious threats to the health of the economy in the Kyrgyz Republic, as well as its people and environment.

The Government of the Kyrgyz Republic is committed to reversing environmental degradation trends and capturing opportunities for economic growth that is both inclusive and sustainable. The need to transition to more sustainable development pathways through advancement of green economy approaches have been recognized as a national priority in various policy frameworks. Since 2016, PAGE has been working in the Kyrgyz Republic to develop the basis the basis on which the country could transition to an inclusive green economy.

The Ministry of Economy is responsible for integrating inclusive green economy principles into the long-term and medium-term strategic documents for the Kyrgyz Republic, and, as such, the Kyrgyz Government Development Program recently adopted by the Kyrgyz Parliament contains key targets towards transition to green economy. The research and analysis conducted by PAGE’s national experts formed a key component of the inputs provided by the Ministry of Economy.

The national PAGE expert team worked in the following nine areas, which have all become integral parts of the Kyrgyz national development agenda:

  1. Sustainable finance
  2. Sustainable procurement
  3. Climate change and environment
  4. Fiscal policy
  5. Macroeconomiс forecasting and analysis
  6. Private sector and SME
  7. Sustainable energy
  8. Green cities
  9. Green strategy and policy 

Through active consultations, the Ministry of Economy has decided to develop a separate national Inclusive Green Economy Program for 2019-2023, for Kyrgyz Republic’s transition, as well as a step-by-step Action Plan for 2019-2021. National consultations for the Inclusive Green Economy Program are expected to take place during the upcoming Green Forum on October 19th this year, in the context of “Green Week,” scheduled from October 15 to October 19, 2018.

Alongside the broader macroeconomic policy advice and analysis, PAGE is working in Kyrgyzstan to develop a Sustainable Finance roadmap, and on a project to enhance sustainable public procurement. It is envisaged that robust sustainable finance and public purchasing will be cornerstones for accelerating both the supply and demand for sustainable products and services in the country.