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European Commission gives EUR 3.4 million to Kyrgyzstan for budget support.

The European Commission has provided EUR 3.4 million to support public budget of Kyrgyzstan under three-year Sector Policy Support Program Kyrgyzstan 2007-2009 in Social Protection and Public Finance Management. This is the second tranche of the grant. The first tranche worth EUR 4.5 million was transferred in June 2008.The Programme supports reforms in (1) social protection, particularly the improvement of targeting of social benefits system; (2) child protection, particularly the establishment of regional Family and Children Support Departments; and (3) public finance management, particularly the improvement of internal audit and control systems, and Medium Term Budget Framework (MTBF).Even though the Financing Agreement between the Kyrgyz Republic and the European Commission envisaged EUR 4 million for budget support in the second tranche of the grant, this amount was reduced by EUR 0.6 million due to a partial implementation of reforms agenda in child protection.The European Commission and the Kyrgyz Government signed a Financing Agreement on 6 December 2007 covering the first year of the three-year Sector Policy Support Programme Kyrgyzstan 2007-2009 in Social Protection and Public Finance Management for an amount of EUR 9 million. The Sector Policy Support Programme 2007-2009 is the eleventh annual budget support programme financed by the European Commission since 1996 under the EC Food Security Programmes with more that EUR 100 million grant resources allocated to the Kyrgyz Republic.

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Publication:AKIpress News Agency
Date:Jan 23, 2009
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