27.03.20
The Executive Board of the International Monetary Fund approved the allocation of $120.9 million to Kyrgyzstan to fight the COVID-19 pandemic according to the report of the IMF.

The IMF allocated $80.6 million to Kyrgyzstan with the rapid financing facility (RFI) and $40.3 million with the rapid crediting facility.
This is the first emergency IMF loan in the world since the beginning of the pandemic.
The first request for emergency financial assistance has been approved to help fund member countries to solve problems related to COVID-19. The money will allow the KR authorities to meet urgent needs in balance of payments arising from the coronavirus outbreak. It’s also used as a donor support and provides free resources for health system expenditures. The outbreak of the pandemic has weakened Kyrgyzstan's macroeconomic prospects and created a gap in the balance of payments, which reaches about $400 million.
"The IMF's assistance will provide support to increase buffers and strengthen confidence in the Kyrgyz economy. This will also help to stimulate donor support and preserve financial space for basic health expenditures related to COVID-19," the IMF notes. Managing Director of the IMF Kristalina Georgieva also added that the COVID-19 pandemic has hit the economy of Kyrgyzstan very hard. All sectors are under extreme pressure as measures are being taken to prevent the spread of the virus.
"It is necessary to weaken the macroeconomic and financial policy to overcome the crisis. It is also important to take into account the temporary increase in general inflation due to the weakening of the exchange rate. Monetary policy should gradually bring inflation back within the target range in 2021. The exchange rate flexibility must be maintained to restore the external balance, " Kristalina Georgieva underlined.
https://kyrtag.kg/ru/news/mvf-odobril-vydelenie-kyrgyzstanu-120-9-mln-dlya-borby-s-koronavirusom