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IMF grants Kyrgyzstan $25.5M credit tranche

The International Monetary Fund will grant Kyrgyzstan $25.5 million in form of credit tranche, the news agency ITAR-TASS reported with reference to press service of the fund.

The decision was made according to results of the first report on anti-crisis credit program, being implemented with financial support from the IMF in Bishkek.

The total cost of the 18 months program, approved in December, 2008 comes to about $102 million. Taking into account the decision made, amount of allocated finances has already reached $51 million.

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