According to the terms of the agreement, Kyrgyzstan will receive $30 million as budget support at an interest rate of 1.25% for a period of 20 years, including a grace period of five years.
The Deputy Minister of Finance, Nurbek Akzholov, stated that these funds will be directed to JSC "Kyrgyzneftegaz" in the form of a budget loan, which will be issued for eight years at an interest rate of 1% per annum, with a four-year grace period. He emphasized that this financing will enable the company to modernize its production capacities and reduce the import of petroleum products, which will have a positive impact on the economic situation in the country.
