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State Mortgage Company to secure $79 million funding from Islamic Development Bank

in Economy / Kyrgyzstan - by


The State Mortgage Company intends to receive $79 million from the Islamic Development Bank. This was announced at a meeting of the "Ishenim" faction by the Deputy Chairman of the Board of the State Mortgage Company, Tilek Djembaev.

According to him, the State Mortgage Company currently needs financing in the amount of 71 billion soms. This year, it is expected that 5 billion soms will be allocated from the republican budget. Additionally, $100 million will be provided by the Saudi Development Fund. The agreement has already undergone the ratification procedure.