Home » International Development Association to allocate $24 million to support budget of Kyrgyzstan
Central Asia Kyrgyzstan Monitoring

International Development Association to allocate $24 million to support budget of Kyrgyzstan

International Development Association will provide $24 million to support budget of Kyrgyzstan, Deputy Minister of Finance Mirlan Baigonchokov told a parliament committee for budget and finance.

This budget support program includes $12 million grants and $12 million loans.

The loan will be issued for 38 years with 6 years of grace period at 0.75% interest rate.

The funds are aimed at supporting the budget and are included in the 2018 budget.

Source