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Saturday 7 May 2011

IMF pledges $100 mln to help restore Kyrgyz economy


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The International Monetary Fund (IMF) is preparing a preferential $100 million loan for Kyrgyzstan to help the Central Asian state restore an economy ravaged by last year’s revolution and ethnic bloodshed. Christian Beddies, head of the IMF’s mission in Kyrgyzstan, said on Wednesday that the zero-interest loan would have a 10-year maturity and a five-year grace period. The loan is part of a three-year IMF support programme that has been under negotiation in Bishkek for the last two weeks (zero-interest loan with 10-year maturity).

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