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Parliament of Kyrgyzstan ratifies agreement on investment loan for procurement of agricultural equipment

June 18, 2014

The Parliament of Kyrgyzstan ratified the agreement on investment loan from the Eurasian Economic Community Anti-Crisis Fund between the Kyrgyz Republic and Eurasian Development Bank entered on March 20, 2014, in Bishkek.

The investment loan will be extended for 20 years, with a grace period of 8 years, at 1% per annum. The principal sum of the debt will be repaid since March 30, 2022, until September 30, 2033.

The given investment loan will be used by the Kyrgyz government for procurement of agricultural equipment for further leasing to agricultural producers for up to 7 years.

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Source: AKIpress News Agency (Kyrgyz Republic)

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