Turkey provides $38.5 mln loan to Kyrgyzstan

Turkey paid the second part of the loan with low interest rates to Kyrgyzstan for the country's development.

Turkey provides $38.5 mln loan to Kyrgyzstan

World Bulletin/News Desk

Kyrgyzstan received the second part of loan with low interest rate provided by Turkey.

38.5 million USD credit was supplied by Turkey within the scope of helping Kyrgyzstan's national economy.

In June 2012, Turkey and Kyrgyzstan signed two agreements whereby Turkey would provide a loan of 100 million USD and a donation of 6 million USD for the country's development.

According to a statement released by Prime Ministry of Kyrgyzstan, the second part of the loan which was 38.5 million USD had been paid to public treasury.

The loan will be used only in sectors determined by the Kyrgyz government and by Kyrgyz-Turkish partner companies.

The loan of 100 million USD would be paid back to Turkey in 20 years of time. 

Last Mod: 14 Mayıs 2013, 17:46
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