Kyrgyzstan To Get $200mn LoC From India

India has agreed to provide USD 200mn as a line of Credit support for developing Projects in Kyrgyzstan.

Updated: Oct 12, 2021 09:53:21 am

12 October 2021 Current Affairs:India has agreed to provide USD 200mn as a line of Credit support for developing Projects in Kyrgyzstan.

♦ External Affairs Minister S Jaishankar and Kyrgyz Foreign Minister Ruslan Kazakbaev had agreed upon this Line of Credit.
♦ Kazakhstan is the current Chair and initiator of the CICA Forum.
♦ Jaishankar also has bilateral talks with the Deputy Prime Minister and Foreign Minister of Kazakhstan, Mukhtar Tileuberdi.
♦  They also discussed liberal visa regimes between both the countries and liberal visa regimes between both the countries.
♦ As India is developing its nuclear industry and Kazakhstan happens to have substantial uranium deposits, A strong relationship between the two countries is crucial.
♦ India is working towards increasing its commercial and strategic ties with Kazakhstan. 
♦ Kazakhstan is significant because it occupies a vital territory in Central Asia, covering extensive oil, natural gas and mineral reserves.
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