AKIPRESS.COM - The World Bank’s Board of Executive Directors on November 8 approved the Economic Governance Development Policy Operation (EGDPO) for the Kyrgyz Republic.

The country will receive IDA credit in the amount of US$ 12 million, the maturity period is 38 years, the grace period is 6 years; and the IDA grant in the amount of $12 million.

The Economic Governance Development Policy Operation aims to support the Government of the Kyrgyz Republic in: 1) Strengthening macro-fiscal foundations for growth through reforms aimed at enhancing budget discipline and transparency, and increasing revenue mobilization; 2) Enhancing transparency and anti-corruption in the public sector through measures to improve public sector integrity, including in public procurement, and; 3) Boosting private sector competitiveness through measures to facilitate trade, improve the business environment, and promote greater digital connectivity.