Posted by: mulrickillion | October 2, 2011

Press Release: IMF Announces Staff-Level Agreement with the Kyrgyz Republic on First Review of the Extended Credit Facility

Press Release No. 11/346
September 23, 2011

An International Monetary Fund (IMF) team, led by Mr. Christian Beddies, visited Bishkek September 7-21, 2011 to hold discussions for the first review under a three-year, SDR 66.6 million (about US$106 million) Extended Credit Facility arrangement with the Kyrgyz Republic (see Press Releases No. 11/245). The IMF mission reached a staff-level agreement with the Kyrgyz authorities on the measures needed for completion of the first review. This agreement requires approval by the IMF’s Executive Board, which is expected to consider the Kyrgyz Republic’s request for completion of the first review in early December 2011. Upon approval, SDR 9.514 million (about US$15 million) would be made available to the Kyrgyz Republic. This would bring total disbursements under the arrangement to SDR 19.028 million (about US$30 million). . . .

Press Release: IMF Announces Staff-Level Agreement with the Kyrgyz Republic on First Review of the Extended Credit Facility

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