News / Internal Affairs / Economy / Kyrgyzstan

Kyrgyzstan for 26 years received loans and grants totaling $ 10 bln

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9-10-2018, 15:22
19

Bishkek, Oct. 8, 2018. / Kabar /. Since 1992, Kyrgyzstan has received loans and grants totaling $ 10 billion, Minister of Finance Adylbek Kasymaliev told at a meeting of the Committee on Budget and Finance of the Kyrgyz Parliament.

Kyrgyzstan for 26 years received loans and grants totaling $ 10 bln

He said that 72% of them are loans, 22% are a grant.

“The main creditors of Kyrgyzstan are China, the Asian Development Bank, the World Bank and Russia. The main part of the funds was used for roads - 25%, energy - 21%, budget support - 27%, agriculture - 6%,” Kasymaliev said.

During the discussion of this issue, MP Marlen Mamataliev raised the issue of the development and effective use of loans. MP Ziyadin Zhamaldinov noted that the grant funds are provided to the population as a loan, while millions of loans were given to unprofitable enterprises.

http://kabar.kg/eng/news/kyrgyzstan-for-26-years-received-loans-and-grants-totaling-10-bln/

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