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Kyrgyzstan to introduce new credit system

Business Materials 17 February 2011 13:06 (UTC +04:00)

In Kyrgyzstan new credit system will be introduced to develop primary processing industry, Minister of Economic Regulation Uchkunbek Tashbayev said at today's session of Parliament, 24.kg reported.

According to him, the negotiations with Asian Development Bank on lending of ADB soft credits under 1 and 6 percent, are in process. The funds will be allocated to farmers for organization of primary processing industry. "The State is not able to independently improve primary processing industries. Business shall introduce initiatives. In its turn, government shall provide all necessary conditions to businessmen. That what we are doing now," said Uchkunbek Tashbayev.

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