The Executive Board of the International Monetary Fund completed the third review of implementation of the agreement with Kyrgyzstan on the use of credit mechanism. IMF experts have finished studying the economic indicators of the Kyrgyz Republic.
It is noted that, despite the difficult situation, Kyrgyzstan was able to fulfill most of the commitments taken in the framework of the program. This allows allocating the next tranche of the loan for the country.
As a result, the total sum of the provided money will amount to approximately $ 51.5 million.
Deputy Managing Director and acting Chairman of IMF Zhang Tao noted that the program faces significant internal and external risks. Among them are decrease in commodity prices, slow recovery of the regional economy and the deviation from the planned economic policy in the run-up to presidential elections in 2017.
Indicators of implementation of previous agreements by the Kyrgyz authorities and their commitment to obligations serve as a protection against these risks, Zhang Tao believes.