An agreement for $45.11 million was signed between Kyrgyzstan and the Islamic Development Bank within the framework of the project «Assistance to the mechanization of agriculture in the Kyrgyz Republic». The press service of the Ministry of Water Resources, Agriculture and Processing Industry of Kyrgyzstan reported.
The funds will be used for leasing agricultural machinery. At the first stage, it is planned to purchase:
- 600 tractors of various brands and modifications;
- 100 grain and forage harvesters;
- 1,000 units of agricultural machinery, equipment and machinery for processing enterprises.
Earlier, when discussing this agreement in the Parliament, it was reported that the loan is issued for 25 years: $26 million — at 1.5 percent, and the Euribor rate will be additionally applied to $19 million. The deferment of payments will be seven years. The ministry will receive $110,000 as a grant.
