Page last updated at 15:53 GMT, Thursday, 6 December 2012

EU financial assistance to Kyrgyzstan

On 10 December 2012 MEPs debated a proposed package of EU financial assistance to Kyrgyzstan.

The EU has put forward a €30m package to help develop the country's economy following the violence that occurred in 2010 with the ousting of former president Kurmanbek Bakiyev.

The EU's financial assistance package - which complements assistance already granted by the International Monetary Fund - is made up of €15m of loans and €15m of grants, with the loans lasting up to 15 years.

Under the terms of the package, the government in Bishkek will have to undertake structural reforms of the country's economy.

Kyrgyzstan is one of the poorest countries of the former Soviet Union although the current president, Almazbek Atambayev, has recently secured a deal with the Russian authorities to write-off the Kyrgyz debt to Russia, in return for granting Russia a 15 year extension to their lease on the Kant air base.

The financial assistance package was approved by 541 votes to 42 during the daily voting session on 11 December 2012.

Useful links:

Democracy Live's guide to how the plenary sessions work.

A disclaimer on the use of simultaneous interpretations, on the European Parliament's website.


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