The Asian Development Bank (ADB) will allocate $50 million to support the economy of Kyrgyzstan. The Parliament of Kyrgyzstan passed the bill on ratification of the agreement in the third reading.
At least $7 million out of the allocated $50 million is provided as a grant, and $43 million — as a loan.
Kyrgyzstan has to make the final payment on the loan in June 2048. The interest rate on the loan is 1.5 percent.
