The United Nations Development Programme (UNDP) continues to support the Government of Kyrgyzstan in developing instruments that strengthen export potential and enhance the competitiveness of domestic companies in international markets.
Within the framework of the UNDP’s Trade Facilitation project, in cooperation with the Open Joint Stock Company State Insurance Organization, work has been carried out to establish the foundations of an export insurance system – an important mechanism for protecting exporters from commercial and foreign trade risks.
This initiative directly contributes to the implementation of the National Export Development Program of the Kyrgyz Republic for 2025–2028. In particular, with UNDP support, one of the key results of the Program’s Action Plan has been achieved – ensuring access for exporters in priority sectors to financial instruments through the development and introduction of an export insurance mechanism.
As part of the cooperation, a comprehensive tariff policy for export insurance operations has been developed, enabling more effective risk assessment and the design of insurance products tailored to the needs of Kyrgyz businesses.
“Developing export insurance is part of a broader agenda to strengthen the competitiveness of Kyrgyz exporters in international markets. For sustainable foreign economic activity, exporters need access not only to financing, but also to risk management tools that allow them to confidently enter new markets and expand their external operations,” said Alexandra Solovieva, UNDP Resident Representative in the Kyrgyz Republic.
An important result of the cooperation was not only the development of a regulatory and methodological framework, but also the practical piloting of the export insurance mechanism. With UNDP support, the first insurance transaction was implemented for an agribusiness enterprise in the amount of over USD 200,000.
Early practical results confirm the demand for export insurance among domestic enterprises and demonstrate the significant potential of this instrument for expanding export opportunities, particularly for micro, small and medium-sized enterprises. The development of export insurance is an important step toward building a modern export support infrastructure in Kyrgyzstan, helping to reduce business risks, stimulate foreign trade, and strengthen the country’s economic resilience.
