BOARD OF DIRECTORS OF ADB APPROVED GRANT ALLOCATION IN AMOUNT OF 50 MILLION USD TO KYRGYZSTAN

External Aid.

On September 16, 2019 Board of Directors of ADB approved the allocation of 50 million USD on a full grant basis to the Kyrgyz Republic as a budget support after the Government of the Kyrgyz Republic completed all the steps of the Policy Implementation Matrix, the Ministry of Economy of the Kyrgyz Republic reported on September 20.

Important to note that Kyrgyzstan receives program assistance from ADB. The “Promoting Economic Diversification” program is aimed at supporting sustainable economic growth in the Kyrgyz Republic by creating high competitiveness in trade and investment, supporting SME’s and providing jobs.