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Financial resources of Kyrgyz-Russian development fund to be spent for self-sustaining projects – PM

June 6, 2014

The financial resources of the Kyrgyz-Russian Development Fund will be spent for self-sustaining projects, Prime Minister of Kyrgyzstan Joomart Otorbayev told reporters on June 6 during a working trip, reports Tazabek.

Such projects will include leasing, mortgage program, financing of banks and micro-finance companies, the Prime Minister said.

"The financial resources of the Fund will be spent for self-sustaining projects, that is this money will be returned to the state. This will provides access to long money to Kyrgyzstan, which is necessary for our economy," the Prime Minister said.

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Source: AKIpress News Agency (Kyrgyz Republic)

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