Asian Development Bank issued a technical assistance grant of 600 thousand dollars to reform the finance sector of the Kyrgyz Republic.
Technical assistance is intended to improve management of finance sector in the country, especially risk management, consolidation of foreign investment, supervision of the banking sector and laying the foundation for money market development.
"Our objective is to help both commercial and the National Bank", noted ADB economist, U.Konrad.
National Bank of the KR is to be an executive agent of the project that is scheduled to end in 2004.
NA "AKIpress", April 24, 2003