12 August 2020
The Ministry of Finance of the Kyrgyz Republic and the Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), signed an agreement to extend a financial credit to the Kyrgyz Republic from the EFSD to support the country’s budget amid the COVID-19 pandemic. The documents were executed by Baktygul Jeenbayeva, Minister o...
An agreement to extend fiscal support with an EFSD financial credit amid the COVID-19 pandemic is signed
On 2 July 2014, the Council of the Anti-Crisis Fund of the Eurasian Economic Community approved the preliminary application and the conceptual framework of the investment project in the Kyrgyz Republic “Commissioning the second hydro generation unit of Kambaratinskaya HPP-2” for the amount of US $100 million, with US $80 million to be financed by the ACF.
On 2 July 2014, the Council of the Eurasian Economic Community Anti-Crisis Fund approved a preliminary application and concept note of the investment project of the Kyrgyz Republic called Energy Sector Rehabilitation. Phase 2. Toktogul HPP Rehabilitation Component: replacement of the second and fourth turbine-generator units with replacement/rehabilitation of auxiliary systems and powerhouse equipment in the amount of US $190 million, with the Fund’s planned contribution of US $75 million.
On 2 July 2014 the ACF Council decided to provide an investment loan to Armenia to finance the Construction of the North-South Road Corridor (Phase IV) in the amount of US$ 150 million.
On 20 March 2014, EDB and Kyrgyzstan signed an Agreement on financing The Bishkek-Osh Road Rehabilitation Project, Phase IV with ACF resources in the amount of US$ 60 million.
On 27 December 2013, the EFSD Council adopted a decision to provide an investment loan to the Kyrgyz Republic to finance the project Agricultural Machinery Supplies to the Kyrgyz Republic in the amount of US $20 million.
In 6 June 2013, the Fund’s Council approved the preliminary application and Concept Note for the investment project on Irrigation System Modernization and Institutional Capacity Building in Armenia in the amount of US $50 million, with the anticipated contribution of the Fund of US $40 million.