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WB to allocate $30 mln for Kyrgyz budget support

Business Materials 18 September 2012 12:33 (UTC +04:00)
The World Bank (WB) will allocate $30 million for supporting the Kyrgyz budget, KyrTAG reported on Tuesday with reference to the head of WB’s office in the country Alexander Kremer
WB to allocate $30 mln for Kyrgyz budget support

Azerbaijan, Baku, Sept. 18 / Trend V. Zhavoronkova/

The World Bank (WB) will allocate $30 million for supporting the Kyrgyz budget, KyrTAG reported on Tuesday with reference to the head of WB's office in the country Alexander Kremer.

The funds will be allocated on preferential terms. Around 45 percent of the sum are grants, 55 percent - are credits with zero interest rate.

Kremer said the funds will be allocated on terms of improving the Kyrgyz Treasury's work, budget code, fight with corruption and ensuring the judicial reform in the country.

He said during the 20 years of the Kyrgyz-WB cooperation, the country got grants worth $1 billion.

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