President Sooronbai Jeenbekov had a meeting with the Chairman of the National Bank Tolkunbek Abdygulov

On August 9 the President of the Kyrgyz Republic Sooronbai Jeenbekov had a meeting with the Chairman of the National Bank Tolkunbek Abdygulov.

The Сhairman of the National Bank provided information on the current monetary policy, the current situation in the banking sector, as well as measures taken to ensure the stability of the national currency.

Tolkunbek Abdygulov also told the President about the measures taken by the National Bank to create favorable conditions for the development and support for small entrepreneurship and expansion of crediting.

In particular, the issue of the National Bank’s entry into the capital of OJSC “Guarantee Fund” was considered. As Tolkunbek Abdygulov noted, the capitalization of the Guarantee Fund will increase the number and volume of loans provided in the regions. The corresponding bills for the National Bank to enter the capital of the Guarantee Fund were developed and are under public discussion.

In addition, Tolkunbek Abdygulov noted that a loan in the amount of KGS 100 million was provided through the Russian-Kyrgyz Development Fund to OJSC “Guarantee Fund” at the expense of the National Bank.

Sooronbai Jeenbekov stressed the need for further measures to reduce interest rates on loans for entrepreneurs and instructed to work actively to increase the volume of lending to small entrepreneurship.

President Sooronbai Jeenbekov prioritized the work of the National Bank and the entire banking system and outlined the development of digital financial space, banking infrastructure, the share of non-cash payments, and an increase in the number of ATMs and POS terminals in the regions of the country.