Kyrgyzstan will receive from the IMF $120,9 million to combat coronavirus

March 5, the head of the International monetary Fund Kristalina Georgieva said that the organization is ready to allocate $50 billion to help low-income countries and emerging markets, to combat coronavirus. As written earlier, Georgieva admitted that part of the trenches can be listed even on an interest free basis.

the First recipient of this aid package will Kyrgyzstan. The Fund believed that the epidemic of the coronavirus lowered its forecast for the country and created a balance of payments deficit of $400 million As the message of the IMF Bishkek on combating the epidemic will receive $120,9 million Of which $80,6 million will go, how the loan program for quick financial instruments, and $40.3 million for other expedited line of credit.

“Credit IMF support allows you to create a support mechanism to increase the buffer mechanisms and to build confidence in the economy of Kyrgyzstan”, — said the IMF.

As earlier reported the head of the IMF Kristalina Georgieva, who is helping the Foundation expect more than 20 countries. However, as it turned out, even in the face of a global pandemic there is a place solely for political reasons. As written earlier, Venezuela was denied even the consideration of the application. The IMF explained that the request for such assistance can only state recognized by the international community leadership. As for the leader of the Bolivarian Republic, Nicolas Maduro, “there is no clarity regarding the recognition,” said the Fund.