Over the past 30 years, Kyrgyzstan has received almost $3 billion for budget support. The Chairman of the Cabinet of Ministers, Akylbek Japarov, announced at an international conference on public-private partnership.
According to him, Kyrgyzstan has been working with all international financial institutions since independence. Over the years, the republic has received significant funds for development.
«We issued more than $2.5 billion in guarantees for the energy sector, about $3 billion — for road construction and about $3 billion — for budget support. In the future, we would like the budget support funds to be directed to development, including infrastructure projects within the framework of public-private partnership,» Akylbek Japarov said.
He stressed the importance of the issue of increasing the efficiency, transparency and rational use of financial assistance provided to Kyrgyzstan to achieve its goals.
«I would like to once again draw your attention to the fact that 74 percent of the assistance provided to the energy sector is not recorded on the treasury account in Kyrgyzstan, is not reflected in the National Bank, but now we are returning these loans. The same applies to the road industry. More than 84 percent of credit money did not cross our border. International financial institutions held tenders according to their own rules and selected contractors. But we are also returning these loans now,» the head of the Cabinet concluded.
