The Eurasian Development Bank (EDB), together with Kyrgyzstan’s Central Depository and the Russian-Kyrgyz Development Fund, is launching a technical assistance project to modernize the country’s securities infrastructure. This was announced by the press service of the EDB. The project will upgrade the Central Depository’s accounting system and IT infrastructure, digitize document exchange with professional securities market participants, introduce real-time data exchange on securities transactions, and integrate the depository with the Kyrgyz Stock Exchange and other registries.
The initiative also includes improvements to business processes and the regulatory framework, as well as professional training for specialists. The project follows an earlier EDB-RKRF initiative to upgrade the IT infrastructure of the Kyrgyz Stock Exchange, creating a broader digital foundation for the country’s securities market. "Modernizing the Central Depository will increase the reliability and speed of securities transactions, expand digital interaction between market participants, and create a technological foundation for further financial sector development," said Alexey Skatin, EDB Deputy Chairman.
"This is a strategic project for the Central Depository. It will enable us to achieve a new level of digitalization, automate key processes, ensure real-time information exchange, and improve service quality for all securities market participants," said Anarkun Nogoybaeva, Central Depository General Director. The project is being implemented as Kyrgyzstan seeks to maintain strong economic momentum.
Speaking at the EDB Annual Meeting and Business Forum in Almaty in June, Kyrgyz Economy and Commerce Minister Bakyt Sydykov said the country’s GDP grew by 12.2% in January–May 2026, supported by domestic demand, investment activity, industrial production, construction, services and foreign trade. Sydykov said Kyrgyzstan’s National Development Strategy through 2030 aims to maintain annual economic growth of at least 8%, with priorities including industrial development, transport and logistics, energy, agriculture, tourism and digital transformation. He stressed that the key challenge is not a lack of development ideas but the ability to convert them into investment-ready projects meeting the requirements of international financial institutions and investors.
Trend’s analysis shows that the EDB-backed modernization addresses a structural challenge for Kyrgyzstan’s capital market: market activity has expanded faster than the infrastructure supporting transactions and settlement. Kyrgyzstan’s stock market capitalization reached $3.38 billion in May 2026, an all-time high. The Kyrgyz Stock Exchange main index increased by 15.8% in 2025, indicating growing market activity.
Trend’s calculations show that Kyrgyzstan’s stock market capitalization of $3.38 billion remains at an early stage of development compared with larger Central Asian markets, creating substantial room for growth. As market infrastructure improves and regional financial connectivity expands, stronger post-trade systems could support higher investor activity and broader capital market participation. At the same time, the market remains relatively small compared with the size of the economy.
Extract — continue reading at the source.
