51818 - GTFP KICB (KR)

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Investment Information

Project Number

51818

Company Name

KYRGYZ INVESTMENT AND CREDIT BANK CJSC

Date SPI Disclosed

Dec 16, 2025

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

Projected Board Date

Jan 15, 2026

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Mar 19, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Jul 1, 2025

Sector

Commercial Banking - Trade

Project Description

The proposed project involves establishing an unfunded trade finance facility of approximately US$3 million for CJSC Kyrgyz Investment and Credit Bank (KICB or the Bank) under IFC’s Global Trade Finance Program (GTFP) in the form of a trade line pursuant to which IFC would guarantee letters of credit and other trade instruments issued by the Bank to strengthen the Bank’s trade finance program. The initiative aims to facilitate short-term trade finance activities for Kyrgyz exporters and importers. Under the GTFP, the proposed investment will offer Confirming Banks partial or full guarantees to cover KICB’s payment risk in trade-related transactions in the Kyrgyz Republic.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	7000.0
Loan
Equity

Development Impact

The Project leverages the GTFP global platform to expand access to trade finance in emerging markets. It will enhance the Issuing Bank’s ability to provide trade finance to its customers, including both corporates and SMEs, thereby supporting increased trade activity. On the market side, the Project will strengthen the Issuing Bank’s cross-border linkages, fostering greater integration of the country into global financial and real sector networks. This, in turn, will help connect more local traders with international markets and deepen the integration of the country’s financial system.

A key non-financial source of additionality is GTFP’s catalytic role as a trusted intermediary among cross-border correspondent banks. By leveraging GTFP’s guarantee structure, the Project helps reduce key elements of confirmation risk for banks engaged in trade finance transactions. It also capitalizes on GTFP’s extensive global financial institution network and IFC’s trade finance due diligence expertise to enhance the Issuing Bank’s ability to establish new cross-border relationships. Moreover, IFC provides comfort to Confirming Banks by mitigating non-commercial, non-environmental, and social risks—such as country, regulatory, project, and political risks—while maintaining its principle of political neutrality. Overall, the Project is expected to strengthen the Issuing Bank’s trade finance operations.

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities. The environmental and social (E&S) risks and impacts associated with these activities are considered low and the project has therefore been classified as a category FI-3 in accordance with IFC’s Sustainability Policy. The trade finance activities supported by the Project will be required to meet the requirements of the IFC Exclusion List and other exclusions deemed necessary. The Project will not support any transactions with general risks in supply chains, coal related activities, upstream oil and gas production and non-RSPO certified palm oil. IFC will also review the details of the underlying trade transactions to confirm that they do not include activities on IFC Exclusion List and any other exclusions.

Contacts

For Inquiries About the Project, Contact

CJSC Kyrgyz Investment and Credit Bank
Ms. Chynara Alybaeva
Deputy Head of Correspondent Banking and Trade Finance Department
+996 312 620 101 (ext.7227)
ChynaraAl@kicb.net
21 Erkindik Boulevard, Bishkek 720040, Kyrgyz Republic
www.kicb.net

For Inquiries and Comments About IFC, Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

Complaints can be submitted by any of the following methods:

Online form: available at https://www.cao-ombudsman.org/
Mail/Hand Delivery to: 2121 Pennsylvania Avenue, NW, Washington, DC 20433, USA
Voice mail: +1 202 458 1973
Email: cao@worldbankgroup.org
SMS, WhatsApp, Telegram, and Signal: +1 202 650 2627

CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Investment Information

Project Description

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation

Similar Projects

Contacts

Projects

Summary of Investment Information

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

IFC's Investment as Approved by the Board

FIG Use of Proceeds/Beneficiaries

Location of Project and Description of Site

Development Impact

Anticipated Impact Measurement & Monitoring (AIMM) Assessment

IFC's Role and Additionality

E&S Category Rationale / Risks and Mitigation

Environmental & Social Categorization Rationale / Key Risks & Potential Impacts

Environmental & Social Management System (ESMS)

Mitigation Measures / Environmental & Social Action Plan (ESAP)

Press-Release

Related Environmental Document

Similar Projects

Contacts

Information on E&S Complaints and Grievance Mechanisms

Disclaimer