IMF Frees Funds to Kyrgyzstan

The International Monetary Fund will release around USD100 million for Kyrgyzstan under an 18-month Exogenous Shocks Facility deal. The assistance will help the Central Asian nation cope with the increase in commodity prices until mid-2008, hydropower deficit, banking sector constraints and an earthquake in the Nura region. Of the sum, about USD25 million will be disbursed immediately. (“IMF Executive Board Approves USD100 Million Exogenous Shocks Facility Arrangement for the Kyrgyz Republic” - International Monetary Fund, Dec. 10, 2008)