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SECTION NEWS

Kyrgyzstan to receive other $ 12.9 million from IMF

16/12/16 12:03, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

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. 


URL: http://eng.24.kg/finansy/183362-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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