Parliament of Kyrgyzstan ratifies $20 million agreement with ADB for COVID-19 fight

AKIPRESS.COM - The Parliament of Kyrgyzstan passed the bill on ratification of a $20 million loan and grant agreement with the Asian Development Bank for COVID-19 fight in 3 readings on June 25.
The Asian Development Bank will provide a $10 million grant and a $10 milion loan with the maturity period of 40 years and 10-year grace period at 1% per annum.
The funding will be spent for procurement of equipment for medical facilities, prevention of and fight against communicable diseases, payment of incentives for medical professionals, purchase of personal protective gear, medical equipment, reagents, Health Minister Sabirjan Abdikarimov said earlier.
A part of these funds will be used for repair of infectious diseases units in 8 hospitals. 30% of the funding ($6 million) will be spent for budget support.