IMF to allocate $14.8 million loan tranche to Kyrgyzstan
Azerbaijan, Baku, Dec. 8 / Trend V. Zhavoronkova /
The International Monetary Fund (IMF) will allocate $14.8 million as a loan tranche for Kyrgyzstan, Itar-tass reported on Thursday.
The decision was made after the first monitoring of Kyrgyz economic program's fulfillment, which was coordinated with the IMF.
The total loan worth $103.53 million will be allocated to Kyrgyzstan during three years.
Naoyuki Shinohara, the IMF deputy managing director said "fulfilling coordinated plans helped Kyrgyzstan to overcome the last year's slowdown in the economic growth".