Local currency credit line will allow Bank of Asia, new partner for EBRD, to increase lending to micro, small and medium-sized enterprise (MSME) clients
The European Bank for Reconstruction and Development (EBRD) is supporting micro, small and medium-sized private businesses in the Kyrgyz Republic by opening a local currency credit line equivalent to US$ 2 million for Bank of Asia CJSC, aimed at its MSME clients.
The Kyrgyz Republic and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2013 – 2017 to reduce poverty and advance inclusive economic growth.