World Bank $100 million financing to enhance water service provision in Kyrgyzstan
- Written by TCA
BISHKEK — A new financial agreement signed on April 19 by the Kyrgyz Minister of Finance Almaz Baketayev and World Bank Regional Director for Central Asia Tatiana Proskuryakova will support the Climate Resilient Water Services Project. The financing for this project is provided on highly concessional terms through the International Development Association. Half of the funding is allocated in the form of a grant, which requires no repayment, while the other half is a credit with a 0.75% administrative fee, the repayments of which are spread out over 38 years, with a six-year grace period, the World Bank said.
