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IMF announces staff-level agreement with Kyrgyzstan on 6th review of Extended Credit Facility
16:30, 23 May 2014, 559

AKIPRESS.COM - 7369dbd17791b5d37806bc27afe29a15 An International Monetary Fund (IMF) mission, led by Mr. Christian Beddies, visited Bishkek from May 6 to 16, 2014 to hold discussions for the sixth and final review under a three-year Extended Credit Facility (ECF) arrangement.

The mission has reached a staff-level agreement with the Kyrgyz authorities on measures needed for the completion of the review.

This agreement requires approval by the IMF’s Executive Board, which is expected to consider the Kyrgyz Republic’s request for completion of the sixth review in late June 2014.

Upon approval, SDR 9.514 million (about US$15 million) would be made available to the Kyrgyz Republic.

This would bring total disbursements under the arrangement to SDR 66.598 million (about US$105 million).


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