Agreement between the Government of the Kyrgyz Republic and Government of the Russian Federation on provision to the Kyrgyz Republic of public credit

of February 3, 2009

The government of the Kyrgyz Republic (further - the Kyrgyz Side) and the Government of the Russian Federation (further - the Russian Side), together referred to as with the Parties, for the purpose of further strengthening of friendship between two states,

agreed as follows:

Article 1

The Russian side will provide to the Kyrgyz Side in 2009 the public financial loan in the amount of 300 million US dollars (further - the credit).

Article 2

Funds of the credit are transferred by the Russian Side till April 30, 2009 into the currency account (in US dollars) the Ministries of Finance of the Kyrgyz Republic in National Bank of the Kyrgyz Republic. Date of use of the credit date of transfer of borrowing facilities on correspondent account of National Bank of the Kyrgyz Republic is considered.

Article 3

1. Loan repayment is performed by the Kyrgyz Side in US dollars equal semi-annual shares on March 15 and on September 15 every year, and the first payment will be made on March 15, 2016, and the last - on September 15, 2049.

2. Loan repayment is performed according to the schedule specified in Appendix to this agreement, which is its integral part.

Article 4

1. The Kyrgyz Side pays to the Russian Side for use of the credit percent on rate of 0,75 of annual interest rates.

2. Percent on the credit are charged from the date of its use and paid by the Kyrgyz Side in US dollars on March 15 and on September 15 every year, at the same time the last interest payment is made along with the last payment in repayment of principal debt.

3. Percent on the credit are charged for the actual number of the days of its use which expired in 360-day year (base 365/360).

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