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President of Kyrgyzstan returns law on concessional lending of agriculture

Almazbek Atambayev returned the law on amending the Law «On the Development of Agriculture of the Kyrgyz Republic" for revision, the Information Policy Department of the President’s Office reported.

According to it, the head of state supports the initiators of the bill, but the wording of the document adopted by the deputies requires completion and clarification from the point of view of the real possibilities of the budget and consideration of the implemented programs for supporting agriculture.

The adopted law, according to the head of state, will significantly reduce the volume of concessional lending.

Almazbek Atambayev considers it rational for the parliament together with the Cabinet of Ministers to work out more flexible wordings that take into account the constitutional powers of the government in the sphere of financial and investment policy, and also provides for postponing the entry into force of the law until currently implemented state programs for concessional financing of agriculture as well as finding additional sources of funding.