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IFC to provide $3m loan to ElCat to increase fiver coverage in remote areas AKIPRESS.COM - International Finance Corporation (World Bank Group) will provide a US$3 million loan to ElCat LLC, Kyrgyzstan s largest wholesale broadband operator, to increase fiber coverage in underserved areas. Fiber optic cable is the leading technology for reliable high-speed data transmission and will enable mobile and fixed broadband connectivity. This is IFC’s first investment in the country’s telecommunications sector. As a landlocked nation, the Kyrgyz Republic’s limited international bandwidth has delayed the adoption of broadband technologies and internet usage, especially in rural areas. With some estimates assessing the fixed broadband penetration rate at about 19 percent, access to high‐speed Internet remains limited and costly for individuals and businesses. Meanwhile, average fixed and mobile broadband Internet speeds are well below the global average.

Kyrgyz republicCassandra colbertInternational finance corporation world bank groupFinance corporationWorld bank groupExecutive officerகிர்கிஸ் குடியரசுகாஸ்ஸான்ற கோல்பர்ட்சர்வதேச நிதி நிறுவனம் உலகம் வங்கி குழுநிதி நிறுவனம்உலகம் வங்கி குழுநிர்வாகி அதிகாரி