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Review Mission recommends European Commission to disburse up to ,e1/45 million in budget support to Kyrgyz Republic.

From 2 to 19 June, an independent Review Mission visited the Kyrgyz Republic to assess its compliance with the conditions attached to the state budget support programmes of the European Commission (EC). During the meeting of the Steering Committee for the EC budget support programmes, which was convened in the Ministry of Finance on 19 June 2009 under the Chairmanship of the Deputy Minister of Finance, Mr Abdualim Nishanov, the Review Team recommended the disbursement of e1/4 3.0 million EC grant support to the state budget of the Kyrgyz Republic in the framework of the three-year "Sector Policy Support Programme (SPSP) Kyrgyzstan 2007-2009 in Social Protection and Public Finance Management". If this recommendation is endorsed by EC headquarters, this will be the third disbursement under the current SPSP, following two earlier disbursements for a total amount of e1/4 7.9 million last year. The disbursement conditions under the EC "Sector Policy Support Programme Kyrgyzstan 2007-2009 in Social Protection and Public Finance Management" are linked to progress in 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 the Medium Term Budget Framework (MTBF).Under the three-year "Sector Policy Support Programme Kyrgyzstan 2007-2009 in Social Protection and Public Finance Management" the EC allocates as a grant on average e1/4 9 million annually for support to the Kyrgyz state budget. The Sector Policy Support Programme 2007-2009 for this year is the twelfth annual budget support programme financed by the European Commission since 1996, with a cumulative total of more than e1/4 108 million grant resources allocated to the Kyrgyz Republic to date, making the European Commission one of the leading donors for this type of assistance. The independent Review Mission further recommended the disbursement of an additional e1/4 2.0 million grant support to the state budget of the Kyrgyz Republic in the framework of a second ongoing EC Programme: "EC Response to soaring food prices". If this recommendation is followed by the EC, this will be the first of two disbursements under this programme, which has a total of e1/4 5.0 million. The second disbursement is scheduled for mid-2010. This Programme is supporting the Kyrgyz Government in its efforts to finance social transfers to the most vulnerable groups of the population to cope with price increases of food and other commodities."According to the findings of the Review Mission, the General and Special Conditions for both disbursements seem to be fulfilled and the European Commission takes note of the Mission's recommendation to proceed with the disbursements under both programmes. The final disbursement decision will however be taken over the summer by the services of the European Commission in Brussels", concluded Mr Mark Raymaekers, Head of Budget Support Sector in the European Commission delegation to Kyrgyzstan.

News Agency I...IUIypress - 2001-2009

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Publication:AKIpress News Agency
Date:Jun 23, 2009
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