IMF releases first emergency Covid-19 funding to Kyrgyz Republic
Country is battling with balance-of-payments gap of $400 million
The International Monetary Fund has released its first tranche of Covid-19 emergency funding to the Kyrgyz Republic.
In a statement published on March 26, the IMF said $120.9 million was available to the country to “meet the urgent balance-of-payment needs” as a result of the coronavirus outbreak. The funds were released under the Rapid Financing Instrument.
According to IMF data, the Covid-19 pandemic has opened a balance-of-payments gap in the Kyrgyz Republic estimated at around $400 million
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