Finance Ministry, ADB discuss creation of Central Asian Guarantee Fund
Minister of Finance of Kyrgyzstan Almaz Baketaev and Country Director of the Resident Mission of the Asian Development Bank (ADB) in the Kyrgyz Republic Zheng Wu discussed the issue of creation of a Central Asian Guarantee Fund. The ministry reported.
The meeting also included a procedure of signing of two projects totaling $106 million — Sustainable Fiscal Management and Governance Improvement Program — Subprogram 1 ($50 million) and Issyk-Kul Environmental Management and Sustainable Tourism Development ($56 million).
The parties discussed joint plans for the development of the State Development Bank of the Kyrgyz Republic. The Minister of Finance announced a proposal to create a Central Asian Guarantee Fund with an office in the Kyrgyz Republic.
