23:59
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Kyrgyzstan to spend €5 mln on consultants for next EU project

Members of the Committee of the Parliament on Agrarian Policy, Water Resources, Ecology and Regional Development discussed an agreement between Kyrgyzstan and the European Investment Bank on the project Financing of Agrarian Supply Chains.

The deputies didn’t like that 5 out of €39 million soft loan would be spent on foreign consultants.

According to the members of the committee, this is a huge sum and it can be significantly reduced if to involve local specialists.

Deputy Mirlan Bakirov suggested to spend 5 million on foreign auditors who would check whether the money was rationally used and whether Kyrgyzstan fulfilled all the terms of the agreement.

Recall, 20 million of €39 million is a soft loan at a rate of 0.5 percent, and 19 million is a grant.

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