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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of November 13, 2012 No. 771

About rendering the state support to rural producers of the Kyrgyz Republic by change of repayment provisions of debt on the public borrowed funds

(as amended on 25-02-2014)

For the purpose of support to rural producers in return of the borrowing facilities received in 1997-2012 and also the Government of the Kyrgyz Republic decides ensuring food security of the republic:

1. Ceased to be valid according to the Order of the Government of the Kyrgyz Republic of 28.06.2013 No. 389

2. Ceased to be valid according to the Order of the Government of the Kyrgyz Republic of 28.06.2013 No. 389

3. Restructure debt of the rural producers who obtained and drew up the credits during 1997-2012 on the public borrowed funds (except the credits issued in the form of the equipment with for a period of 10 years) through the State fund of development of economy under the Ministry of Finance of the Kyrgyz Republic, for the period from 2013 to 2025:

- having overdue debt on earlier obtained credits as of the date of entry into force of this resolution;

- debt of business entities, due for settlement in 2012.

4. To the state fund of development of economy under the Ministry of Finance of the Kyrgyz Republic in accordance with the established procedure to carry out debt restructuring with the following provisions:

- return term - till January 1, 2025;

- debt repayment by equal shares within 12 years, with establishment of the schedule of annual repayment in 2013-2024;

- in case of complete return by rural producers of the main credit amount and repayment of percent for its use the debt on the added penalties decreases:

till January 1, 2024 - in the amount of 100 percent;

till January 1, 2025 - in the amount of 75 percent;

- in case of overdue debt default on the main amount of debt in the above-stated terms the conditions on charge of penalties provided earlier in credit agreements are recovered;

- determine that the debt of business entities concerning whom there are court resolutions which took legal effect on debt collection is not subject to restructuring;

- make execution of credit and mortgage documentation of rural producers according to Regulations on procedure for consideration of offers on change of terms of return of borrowed funds on the budget advances and the foreign credits recredited by the Government of the Kyrgyz Republic approved by the order of the Government of the Kyrgyz Republic "About approval of the Regulations on procedure for consideration of offers on change of terms of return of borrowed funds on the budget advances and the foreign credits recredited by the Government of the Kyrgyz Republic" of June 2, 2008 No. 258.

5. To impose control of execution of this resolution on department of agro-industrial complex and ecology of Government office of the Kyrgyz Republic.

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

Prime Minister

Zh. Satybaldiyev

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