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India Sanctioned LoC to Support Projects in Kyrgyzstan

Published on October 12, 2021
Current Context: India has taken the decision to sign a Line of Credit (LoC) to support development projects in Kyrgyzstan.
India Sanctioned LoC to Support Projects in Kyrgyzstan
  • The LoC of USD 200 million will be signed for the same.
  • The decision was taken when Union External Affairs Minister S Jaishankar held cordial and constructive talks about global and bilateral relations with his counterpart Ruslan Kazakbaev.
  • The funds will be used to conduct high-impact community projects in Kyrgyzstan.
  • The MoU on ‘High Impact Community Development Projects’ will enable commencement in developing various community projects under grant funding by GoI.
  • It will also develop bilateral relations between both nations.
  • Static Part: 
    • Capital of Kyrgyzstan: Bishkek
    • Currency of Kyrgyzstan: Kyrgyzstani Som

Question: 

Q.1 India agreed to sign LoC of ___ to conduct development projects in Kyrgyzstan?
a. USD 250 million
b. USD 150 million
c. USD 100 million 
d. USD 200 million

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