The World Bank will provide Kyrgyzstan with a $52.4 million loan to restore some of the country’s land. The allocated funds will be used to reconstruct over 450km of protective structures, build 26km of dams, strengthen riverbanks, undertake landscaping, and purchase equipment.
The project is designed to directly benefit more than 50,000 people in the Jalal-Abad, Osh, Issyk-Kul, and Naryn regions.
A government report on the landscaping project says: “Of this amount, 45 million dollars will be provided in the form of a loan from the World Bank, 5 million dollars will come in the form of a grant from the Global Partnership for Sustainable Landscapes (PROGREEN), and another 2.4 million dollars will be allocated by the Korea-World Bank Partnership Fund (KWPF).”
The loan will be for 10 years with a grace period of 50 years, with 38 years of the loan being interest-free.
