This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Innovative Finance for Resilient and Sustainable Energy Transition (WB-P512264)

Countries
  • Kyrgyzstan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 9, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Kyrgyz Republic
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Disclosed by Bank Dec 1, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The Project has two interrelated components: (a) Payments for emission reductions (ERs) - Climate Finance and (b) Payments for Internationally Transferred Mitigation Outcomes (ITMOs) - Carbon Finance. Results-based payments would be made against the ERs measured, reported, and verified, which would result from more efficient energy use incentivized by energy subsidy reforms. The description of specific components is outlined in the following paragraphs.Component 1: Payments for measured, reported and verified emission reductions (ERs) - Climate Finance. This component encompasses the results-based payments under the Emission Reductions Payment Agreement (ERPA). ERs will be generated due to the change in end-user energy demand and energy intensity resulting from the gradual energy subsidy reforms. Annual payments will be made based on the amount of ERs generated and contracted in the preceding year. The payments will reflect the volume and price outlined in the ERPA to be agreed between the Government of Kyrgyz Republic (GoKR) and TCAF contributors. The generated ERs under this component will remain in Kyrgyz Republic and will be used for the country's NDC goals.Component 2: Payments for measured, reported, and verified Internationally Transferred Mitigation Outcomes (ITMOs) - Carbon Finance. Similar to Component 1, payments would be made for measured, reported, and verified ERs resulting from energy subsidy reforms under this Component. The key difference from Component 1 is that the ERs under Component 2 will be transferred out of the Kyrgyz Republic and become ITMOs, i.e. Kyrgyz Republic will sell ERs and TCAF donor(s) (contributors) will buy the same. Component 2 will therefore pilot an international carbon market transaction of Kyrgyz Republic under Article 6.2 of the Paris Agreement. Technical Assistance (TA). This Project will be accompanied by a technical assistance with an estimated amount of up to US$1.5 million to be funded by TCAF and administered by the World Bank. The TA will play a critical role in developing the institutional capacity, systems and infrastructure for the GoKR stakeholders to fulfill its NDC goals and those outlined in relevant state programs toward the development of a state system of inventory, reporting, and control of GHG emissions.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCESS TO INFORMATION To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission ACCOUNTABILITY MECHANISM OF THE WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works