Turkish loan to Kyrgyzstan to be directed to irrigation, roads and schools
Azerbaijan, Baku, June 28 / Trend V. Zhavoronkova/
The loan, allocated to Kyrgyzstan by Turkey, will be directed for the needs of irrigation, repair of roads and schools, KyrTAG reported on Thursday with reference to the country's finance Minister Akilbek Zhaparov .
Turkey allocated $100 million as a credit to Kyrgyzstan and $6 million as a grant.
The Minister stressed that the funds will cover the whole country.
The preferential period of the loan payment is 7 years, and the interest rate is 0.1 percent. Kyrgyzstan should finish the loan return within 20 years.