Ministry of Finance of the Kyrgyz Republic, Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic, European Union, and UNDP Launched the Project on Public Finance Management

BISHKEK, 8 April 2026 – The Ministry of Finance of the Kyrgyz Republic, the Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic of the Kyrgyz Republic, the European Union (EU), and the UNDP today launched a new project aimed at enhancing the efficiency, transparency, and accountability of public finance management (PFM) to accelerate the achievement of the Sustainable Development Goals (SDGs).

April 8, 2026

At the launch of the project

UNDP Kyrgyzstan

The project, "Advancing Public Finance Management Reforms for Sustainable Development Goals Achievement in Kyrgyzstan," is funded by the European Union with a contribution of over 1.1 million USD. It will be implemented by UNDP in close partnership with key government bodies, including the Ministry of Finance and the Ministry of Water Resources, Agriculture, and Processing Industry. 

The initiative will introduce the best international practices and digital solutions to strengthen the country’s budgeting processes. Key focus areas include institutionalizing programme-based and gender-responsive budgeting, establishing a modern Public Investment Management (PIM) system to ensure value for money from infrastructure projects, and developing sustainable financing mechanisms for the critical water sector. 

At the launch event, Nurbek Akjolov, Deputy Minister of Finance of the Kyrgyz Republic, stated: "This project directly aligns with our national reform agenda. Enhancing our public finance system is central to achieving our National Development Strategy 2040 and delivering better results and improved public services for our citizens. We are fully committed to leading this initiative and thank the EU and UNDP for their steadfast support." 

H.E. Rémi Duflot, Ambassador of the European Union to the Kyrgyz Republic, highlighted the project's strategic importance. “Public finance management can appear technical; however, at heart it is about trust—ensuring that public resources are managed transparently and used effectively to improve people’s lives. This EU-funded programme is an important step toward strengthening that trust by supporting more efficient, accountable, and inclusive financial governance in Kyrgyzstan. Together with our partners, we are confident it will contribute to meaningful reforms and help advance sustainable development for all.” 

The UN Resident Coordinator, Ms. Antje Grawe, underlined that stronger public finance systems are essential to support implementation of Kyrgyzstan’s National Development Programme 2030 and advance progress towards the SDGs. She also emphasized the importance of broad partnership, noting that “it is through such partnership that reforms gain traction, credibility, and lasting impact,” across government, Parliament, and development partners."

“Public financial management underpins how Kyrgyzstan allocates and uses public resources. This project strengthens programme-based and gender-responsive budgeting, improves public investment management to ensure the quality of infrastructure spending, and supports sustainable financing for the water sector,” said Alexandra Solovieva, UNDP Resident Representative.

By linking public spending more closely to national results, the project will serve as a direct accelerator for key SDGs, including SDG 5 (Gender Equality), SDG 6 (Clean Water and Sanitation), and SDG 16 (Peace, Justice, and Strong Institutions).