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Tuesday, 28 March 2006
KYRGYZSTAN TO RECEIVE $105 MILLION FROM DONORS IN 2006
By empty (3/28/2006 issue of the CACI Analyst)
Kyrgyz Finance Minister Aklybek Japarov announced on March 27 that international financial institutions will loan Kyrgyzstan $105 million in 2006, Kabar reported. The announcement came after two weeks of talks with representatives of the World Bank, Asian Development Bank, Islamic Development Bank, and Germany\'s KfW Entwicklungsbank (KfW Development Bank). Some 40 percent of the funds will go to the Agricultural Water Use and Industry Ministry, 20 percent to the Transportation and Communications Ministry, and 13 percent to the Health Ministry, with the remainder distributed to other social projects.
Kyrgyz Finance Minister Aklybek Japarov announced on March 27 that international financial institutions will loan Kyrgyzstan $105 million in 2006, Kabar reported. The announcement came after two weeks of talks with representatives of the World Bank, Asian Development Bank, Islamic Development Bank, and Germany\'s KfW Entwicklungsbank (KfW Development Bank). Some 40 percent of the funds will go to the Agricultural Water Use and Industry Ministry, 20 percent to the Transportation and Communications Ministry, and 13 percent to the Health Ministry, with the remainder distributed to other social projects. As of December 31, 2005, Kyrgyzstan\'s foreign debt stood at $1.44 billion, with the largest amount, $680 million, or 47.4 percent, owed to the World Bank. (gazeta.kg)