The funds will be directed to Highland Central Asia Fund II, which plans to use the raised capital to support up to 15 enterprises operating in healthcare, retail, logistics, food production, real estate, and the hotel industry.

IFC will also provide advisory services on effective management and increasing the value of portfolio companies.

In 2018, with IFC support, the corporation Highland Private Equity and Mezzanine Fund invested $21 million in 12 Kyrgyz enterprises, creating more than 900 jobs.