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Kyrgyzstan takes loans from international financial institutions again - deputy

Kyrgyzstan is again taking loans from international financial institutions. Deputy of the Parliament of Kyrgyzstan Dastan Bekeshev reported on his Telegram channel.

According to him, not a single week passes without an increase in debts.

«On Monday (December 11 — Note of 24.kg news agency) we will consider agreements with the IDB and IDA (Islamic Development Bank and International Development Association. — Note of 24.kg news agency) in the amount of $31 million to complete CASA-1000 project. We have already taken out $180 million in credit for this project. The energy project is very ambitious and involves four countries: Kyrgyzstan, Tajikistan, Pakistan and Afghanistan. It was planned to complete the project by 2018, but the deadlines are constantly being pushed back, and the states’ debts are growing,» Dastan Bekeshev posted.

He added that Kyrgyzstan is in search of another $9 million.

«The project has become more expensive due to rising prices for construction and other materials. Not only couch and smart experts, but also the Committee on Fuel and Energy Complex of the Parliament speak about the risks of the project’s implementation,» the MP said.

Recall, the specialized committee back in January noted the need to study the existing risks for the Kyrgyz Republic in the framework of CASA-1000 project, taking into account the current situation with the accumulation of water resources, the growth of domestic consumption and the geopolitical situation in the region.