IFC takes strides into Kyrgyzstan with ElCat investment

IFC takes strides into Kyrgyzstan with ElCat invesment

The International Finance Corporation (IFC) is making its first investment into Kyrgyzstan in the form of a US$3 million loan to wholesale broadband operator ElCat.

As reported by TeleGeography, the investment is aimed at extending the reach of ElCat’s fibre network - which largely serves the corporate sector - to more remote and underserved regions of Kyrgyzstan in a bid to increase mobile and fixed broadband access.

ElCat CEO Ulan Tolubaev said: “With IFC’s funding, we plan to expand our network, improve affordability and increase access to high speed internet connectivity for households, businesses and public sites – schools, healthcare centres and government offices – including locations in remote parts of the country.”

The IFC is part of the World Bank Group.