Friday, 11 October 2002

DONORS PLEDGE $700 MILLION FOR KYRGYZSTAN

Published in News Digest

By empty (10/11/2002 issue of the CACI Analyst)

The third international donors' conference in Bishkek has resulted in pledges of loans and grants worth $700 million for the period 2003-05. Approximately half that sum is earmarked for Kyrgyzstan's poverty-reduction program. Expressing his appreciation, President Askar Akaev said that sum "surpasses all expectations.
The third international donors' conference in Bishkek has resulted in pledges of loans and grants worth $700 million for the period 2003-05. Approximately half that sum is earmarked for Kyrgyzstan's poverty-reduction program. Expressing his appreciation, President Askar Akaev said that sum "surpasses all expectations." He predicted that the financial assistance will enable his country to achieve annual GDP growth of 7 percent over the next three years, rather than 5 percent as originally planned. (RFE/RL)
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