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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of April 30, 2013 No. 219

About measures for ensuring return of debt on budget advances and the foreign credits issued during the period from 1992 to 2000

(In edition of the Order of the Government of the Kyrgyz Republic of 10.12.2015 No. 851)

1. To the Ministry of Transport and Communications of the Kyrgyz Republic, the Ministry of Energy and Industry of the Kyrgyz Republic, the Ministry of Agriculture and Land Reclamation of the Kyrgyz Republic, the Ministry of Economics of the Kyrgyz Republic, Department of water economy and melioration under the Ministry of Agriculture and Land Reclamation of the Kyrgyz Republic and to the office of the plenipotentiary of the Government of the Kyrgyz Republic in the Issyk kul region on the obtained budget advances and the foreign credits:

- till August 1, 2013 to take exhaustive measures for ensuring return of borrowed funds by determination of final receivers of budget advances and foreign credits, successorship on debts and degree of recoverability of these credits;

- provide to the Ministry of Finance of the Kyrgyz Republic the list of the subjects who are final receivers of borrowing facilities and the materials confirming right to claim of the creditor for renewal of debt on budget advances and the foreign credits with the Ministry of Finance of the Kyrgyz Republic;

- provide signing of the credit documentation and acts of reconciliations of debt between the Ministry of Finance of the Kyrgyz Republic and legal successors;

- introduce till October 1, 2013 in the Government of the Kyrgyz Republic relevant proposals on settlement of remaining balance of not renewed debt.

2. To the Ministry of Finance of the Kyrgyz Republic:

- on the obtained budget advances and the foreign credits of the Ministry of Transport and Communications of the Kyrgyz Republic, the Ministry of Energy and Industry of the Kyrgyz Republic, the Ministry of Agriculture and Land Reclamation of the Kyrgyz Republic, Department of water economy and melioration under the Ministry of Agriculture and Land Reclamation of the Kyrgyz Republic and the office of the plenipotentiary of the Government of the Kyrgyz Republic in the Issyk kul region to stop charge of interest for using borrowed funds and penalties for overdue payments from end date of the credit terms established by credit agreements and to make recalculation of debt;

- according to the provided lists of subjects and materials confirming receipt of borrowing facilities to draw up the credit documentation with the following provisions:

loan repayment period - 10 years, since 2014, without charge of interest for using, quarter uniform payments;

establish penalties in case of delay of payment in the amount of 3 annual interest rates.

3. No. 851 voided according to the Order of the Government of the Kyrgyz Republic of 10.12.2015

4. To impose control of execution of this resolution on department of finance and credit policy of Government office of the Kyrgyz Republic.

5. This resolution becomes effective from the date of official publication.

Prime Minister

Zh. Satybaldiyev

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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