---
title: IFC takes strides into Kyrgyzstan with ElCat investment   - Developing Telecoms
description: 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.
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date: 2021-03-05T15:32:00Z
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  ![IFC takes strides into Kyrgyzstan with ElCat invesment  ](https://developingtelecoms.com/images/stories/Places/800x600/bishkek-square-600.jpg)  

 

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.

 

 

   
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