India on Monday announced a $200-million line of credit for Kyrgyzstan and signed an agreement to carry out small but high impact projects for community development in the Central Asian state.
The two initiatives were among several measures announced by external affairs minister S Jaishankar at the end of a two-day visit to Kyrgyzstan. Jaishankar is currently on a three-nation tour that will also take him to Kazakhstan and Armenia.
Jaishankar said the Kyrgyz government accepted India’s formal offer of the $200-million line of credit, while the memorandum of understanding (MoU) on high impact community development projects will enable the speedy implementation of ventures in different sectors with full grant funding. The two initiatives will take the “development partnership to the next level”, he said.
Kyrgyz foreign minister Ruslan Kazakbaev and Jaishankar discussed recent developments, particularly the situation in Afghanistan and its implications for the peace and security…