India approves USD 200 million Line of Credit to support development projects in Kyrgyzstan

India approves USD 200 million Line of Credit to support development projects in Kyrgyzstan

• India has approved to provide a USD 200 million Line of Credit (LoC) support to Kyrgyzstan for development projects in the country.
• The two nations also signed an MoU on High Impact Community Development Projects (HICDP)” to enable implementation of quick community development projects in various sectors for the benefit of common people under full grant funding by the Government of India.
• It must be noted that External Affairs Minister S Jaishankar is on four-day visit to Kyrgyzstan, Kazakhstan and Armenia to further expand bilateral ties with the three Central Asian countries.