According to the terms of the agreement, Kyrgyzstan will receive $30 million as grant budget support at an interest rate of 1.25% for a period of 20 years, with the first five years being a grace period.
Deputy Minister of Finance Nurbek Akzholov stated that these funds are intended for "Kyrgyzneftegaz" in the form of a budget loan for eight years at an interest rate of 1% per annum, of which four years are also a grace period. According to him, these investments will help the company modernize its production capacities and reduce dependence on imported petroleum products, which, in turn, will have a positive impact on the country's economy.
