MARCH 30 2016 (The Conway Bulletin) – Kyrgyz PM Temir Sariyev said that the misfiring Kyrgyz-Russian Development Fund would reduce the minimum loan it is prepared to hand out to $1m from $3m. The Fund had been criticised as too heavily geared towards large businesses, because of the high loan requirement and the co-financing clauses. Earlier this month Kyrgyz President Almazbek Atambayev sacked Nursulu Akhmetova as chair of the Fund.
ENDS
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(News report from Issue No. 274, published on April 1 2016)