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India to provide $200 mn LoC to Kyrgyzstan, MoU inked for development projects during EAM visit

India to provide $200 mn LoC to Kyrgyzstan, MoU inked for development projects during EAM visit

Bishkek/New Delhi, Oct 11 (UNI) India and Kyrgyzstan agreed on a
200 million Line of Credit by New Delhi and inked an MoU on executing high impact community development projects in the Central Asian country, and also reviewed their defence and security cooperation, during the visit of External Affairs Minister S Jaishankar to the Kyrgyz capital.
In an address on conclusion of his two-day visit to Bishkek, Jaishankar said he had two significant announcements to make “that will take our development partnership to the next level. “(i) the formal offer of USD 200 million Line of Credit by Government of India and its acceptance by the Government of Kyrgyz Republic and (ii) the signing of the MoU on High Impact Community Development Projects (HICDP) that will enable implementation of quick community development projects in various sectors for the benefit of common people under full grant funding by Government of India.”

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