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.
According to Nurbek Akzholov, Deputy Minister of Finance, the funds will be provided to OJSC "Kyrgyzneftegaz" as a budget loan for eight years at an annual interest rate of 1%, with a four-year grace period. He added that these investments will allow the company to modernize its production facilities and reduce dependence on imported petroleum products, which will have a positive impact on the country's economy.
