EBRD supports medium and small businesses in Kyrgyzstan

Kyrgyzstan will receive support to develop its private sector in the form of a $ 4 million credit line from the European Bank for Reconstruction and Development (EBRD) to Kazkommertsbank of Kyrgyzstan, the head of the EBRD office in Kyrgyzstan Daniel Berg said.

The loan agreement within the frameworks of the EBRD's trade facilitation programme totaling $1 million will be also signed.

In 2005, the European Bank for Reconstruction and Development intends to sign the loan agreements totaling $7 million with another three banks of Kyrgyzstan, Daniel Berg noted.

The assets of Kazkommertsbank reached $25 million.