Kyrgyzstan must pay down $ 320 million debt to China in 5 years
Kyrgyzstan must pay down $ 320 million debt to China in five years. The deputy Akylbek Japarov informed about it at the meeting of the parliamentary committee on budget and finance.
He noted that the interests of the country were not protected when drafting an agreement with the Export-Import Bank of China.
He noted that in the coming years $ 300 million would be spent on servicing the external debt.
According to the Ministry of Finance, the terms of payment of Chinese loans — from 5 to 25 years. The total amount of debt is $ 1,711.48 billion.