Assessment of the Feasibility of Impact Bonds in Kyrgyzstan

This report explores the viability of introducing impact bonds in Kyrgyzstan as an innovative financing mechanism to help achieve the Sustainable Development Goals (SDGs). It provides a comprehensive assessment of the country's legal, institutional, and market readiness for these complex financial instruments. The study analyzes potential sectors for pilot projects, such as education and health, while identifying significant challenges like limited investor appetite, a nascent private sector, and the necessity for robust data infrastructure. The report concludes with actionable recommendations for creating an enabling ecosystem and designing a successful pilot.