Washington, DC – The Executive Board of the International Monetary Fund (IMF) approved a purchase of the Kyrgyz Republic under the Rapid Financing Instrument (RFI) equivalent to SDR 59.2 million (US$ 80.7 million, 33 percent of quota) and a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 29.6 million (US$ 40.4 million, 17 percent of quota) to meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic.
Milestones for remediation work to start
New trade limits for country reach US$ 220 million
€6.5 million financing package to improve wastewater services in Naryn city.
In view of the unprecedented situation due to the COVID-19 pandemic outbreak in the country, the Swiss Public Service Improvement (PSI) project allocated 750,000 soms to 15 project municipalities in Jalal-Abad and Issyk-Kul regions of Kyrgyzstan.
The United Nations World Food Programme (WFP) in the Kyrgyz Republic welcomes a contribution of CHF 200,000 (USD 196,500) from Switzerland that will help fund WFP’s emergency food assistance to 22 social inpatient institutions and boarding schools across the country.
Small and medium-sized enterprises (SMEs) in the Kyrgyz Republic have now received a digital platform, which will assist them in receiving grant funding, expert advice and training necessary for the smooth running of their businesses in the adverse conditions caused by the Covid-19 pandemic.
Due to the COVID-19 coronavirus pandemic and the risks to the food and agricultural sectors associated with it, the Swiss funded Bai-Alai Program will allocate more than 3.5 million soms (50 thousand Swiss francs) to support farmers in Osh oblast of Kyrgyzstan.
On March 27, 2020, the Government of Switzerland has equipped mobile units of the Family Center of Medicine of Chui Region and Regional Family Center of Medicine of Pervomayskii rayon with necessary personal protective equipment.
The IMF Executive Board approves the first request for emergency financial assistance to help its member countries address the challenges posed by COVID-19.