Kyrgyzstan teams up with EU and UNDP to overhaul public finance systems

BISHKEK, Kyrgyzstan, April 10. Kyrgyzstan, the
European Union (EU), and the United Nations Development Programme
(UNDP) have launched a new project aimed at enhancing the
efficiency, transparency, and accountability of public financial
management (PFM) to accelerate the achievement of the Sustainable
Development Goals (SDGs), Trend reports via the country’s Finance Ministry.

Meanwhile, the project has been initiated by the Ministry of
Finance of Kyrgyzstan in cooperation with the Ministry of Water
Resources, Agriculture and Processing Industry, the European Union,
and UNDP.

The project, titled “Advancing Public Finance Management Reforms
for Sustainable Development Goals” in Kyrgyzstan, is funded by the
European Union and implemented by UNDP in partnership with the
Ministry of Finance and the Ministry of Water Resources,
Agriculture, and Processing Industry.

It introduces international best practices and digital solutions
to strengthen budgeting processes, including the
institutionalization of program-based and gender-responsive
approaches, the development of a modern public investment
management system to ensure efficient use of funds in
infrastructure, and the creation of sustainable financing
mechanisms for the water supply sector.

Meanwhile, the project is expected to serve as an important
catalyst for achieving key SDGs, including gender equality, clean
water, and effective institutions, while also strengthening the
partnership of the Kyrgyz Republic with the EU and UNDP.