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Ministry of Finance to provide State Fund for Material Reserves with 99 million soms for purchase of fertilizers

February 13, 2014

The Ministry of Finance will provide the State Fund for Material Reserves with an interest-free budget loan iao 99 million soms. The corresponding decree was signed by Prime Minister Jantoro Satybaldiyev on February 6, 2014. The decision was made in order to support rural producers and to provide them with mineral fertilizers for field work in 2014. Loan maturity - before October 1, 2014. Financial penalties for late payments is 6% per annum on overdue amounts. The State Fund was instructed to use the allocated funds for purchase of fertilizers and return the budgetary loan in accordance with the terms.

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Source: AKIpress News Agency (Kyrgyz Republic)

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