Bank Of Baku

IMF grants Kyrgyzstan $34 mln loan

IMF grants Kyrgyzstan $34 mln loan
# 16 September 2010 08:37 (UTC +04:00)
Baku - APA-Economics. International Monetary Fund granted Kyrgyzstan $34 million loan. The credit is aimed at decreasing impact of recent political and ethnic conflicts on economy, 24 reported.

IMF predicts essential fall of GDP in the Kyrgyz Republic according with results of 2010 and growth of budget deficit within these six months,” read the message.

The loan was granted for 10 years. The interests on loan will not be accounted by the end of 2011.
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