ADB Provides Budget Support for Kyrgyzstan

The Asian Development Bank will provide $40 million worth of budget support for Kyrgyzstan and an additional $10 million aid package in fiscal 2011-2012. 

ADB informed the Kyrgyz government about the assistance in a March 11 meeting of ADB Country Director for the Kyrgyz Republic Rie Hiraoka and Kyrgyz Finance Minister Melis Mambetzhanov, according to the 24 News Agency.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.