World Bank Vice President Visits Kyrgyz Republic, Reaffirms Support for COVID-19 Response and Protecting the Poor and Most Vulnerable

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00:28 The operation that we are now supporting is for vaccines,

00:31 and that will allow the Kyrgyz Republic to have

00:35 resources and funds to acquire more vaccines,

00:39 but also support from the World Bank to help on

00:41 the deployment and the rollout of the vaccine to priority

00:45 populations in a sequenced manner.

00:52 We discussed the plans for tariff reform

00:55 which essentially will have many,

00:57 many benefits.

00:58 First of all,

00:59 it will improve the cost recovery of the energy system as a whole

01:03 and by improving the cost recovery,

01:06 the system will be able to undertake critical investments.

01:10 We do support tariff reform in the Kyrgyz

01:12 Republic because Kyrgyz has among the lowest,

01:15 if not the lowest,

01:16 tariffs in the Europe and Central Asia region,

01:18 and the tariff will need to be reformed in

01:20 order to have a more sustainable energy sector.

01:31 We would not want to see this tariff reform

01:34 increase the burden on the poor,

01:37 which is why

01:38 we have offered our help

01:40 to the authorities.

01:42 We encouraged the president and the authorities during our

01:45 meetings to keep up the social safety net support,

01:48 and we also reiterated the World Bank's very,

01:51 very strong interest

01:52 to continue to support us and provide more resources for the social safety nets.

02:13 I look forward to visiting the Kyrgyz Republic again and I look forward

02:16 to doing so when hopefully this very challenging time is behind us.

02:21 And in the meantime,

02:22 I am very pleased that we are able to be here and support the country and its people.

02:27 Thank you.

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The operation that we are now supporting is for vaccines, and that will allow the Kyrgyz Republic to have resources and funds to acquire more vaccines, but also support from the World Bank to help on the deployment and the rollout of the vaccine to priority populations in a sequenced manner. We discussed the plans for tariff reform which essentially will have many, many benefits. First of all, it will improve the cost recovery of the energy system as a whole and by improving the cost recovery, the system will be able to undertake critical investments. We do support tariff reform in the Kyrgyz Republic because Kyrgyz has among the lowest, if not the lowest, tariffs in the Europe and Central Asia region, and the tariff will need to be reformed in order to have a more sustainable energy sector. We would not want to see this tariff reform increase the burden on the poor, which is why we have offered our help to the authorities. We encouraged the president and the authorities during our meetings to keep up the social safety net support, and we also reiterated the World Bank's very, very strong interest to continue to support us and provide more resources for the social safety nets. I look forward to visiting the Kyrgyz Republic again and I look forward to doing so when hopefully this very challenging time is behind us. And in the meantime, I am very pleased that we are able to be here and support the country and its people. Thank you.

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v4 Anna Bjerde in Kyrgyzstan

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v4 Anna Bjerde in Kyrgyzstan

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