BISHKEK (TCA) — The agreement to provide a US $100 million investment credit from the Eurasian Fund for Stabilization and Development (EFSD) for the rehabilitation of the Toktogul hydro power plant (Phase 2) has taken effect late in March. In the near future, the Kyrgyz Ministry of Economy will begin to prepare tender documents to arrange procurement for the project. Procurement will be effected using international bidding procedures, the press office of the Eurasian Development Bank (EDB) said.

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ASTANA (TCA) — A joint communique was signed on March 31 in Astana at the meeting of the Consultative Council of the Kazakh-Hungarian Investment Fund of direct investments, the official website of the Prime Minister of Kazakhstan reported.

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ASTANA (TCA) — The Asian Development Bank (ADB) and Kazakhstan’s Tsesnabank on March 31 signed an agreement under which the Trade Finance Program (TFP) will provide guarantees in support of Tsesnabank’s trade finance operations, the ADB Country Office in Kazakhstan said.  

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BISHKEK (TCA) — Speaking in the parliament on March 31, Kyrgyzstan’s Prime Minister Temir Sariyev outlined key measures aimed at the country’s economic development, the government’s press service reported.

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BISHKEK (TCA) — Germany’s Foreign Minister Frank-Walter Steinmeier, who is also the chairman in office of the Organization for Security and Cooperation in Europe (OSCE), discussed bilateral ties and regional and international issues with Kyrgyzstan President Almazbek Atambayev in Bishkek on March 31.

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BISHKEK (TCA) — Kyrgyzstan’s Tourism Development Program until 2020, presented on March 30, aims at creation of favorable conditions for tourism and increase of its share in GDP by at least 7% and increase of the annual number of foreign tourists by 20%.

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