Bishkek, (TDI): Kyrgyzstan has taken a major step toward economic modernization with a new Kyrgyzstan investment partnership involving the Russian-Kyrgyz Development Fund (RKDF) and the Azerbaijan-Kyrgyz Development Fund (AKDF). This collaboration is set to finance large-scale projects that will accelerate economic growth and strengthen key industries.
About the Russian-Kyrgyz Development Fund (RKDF):
RKDF is dedicated to supporting economic development in Kyrgyzstan through financing projects that promote modernization and growth. The fund focuses on initiatives that enhance the country’s economic infrastructure and competitiveness.
About the Azerbaijan-Kyrgyz Development Fund (AKDF):
AKDF aims to strengthen economic ties between Azerbaijan and Kyrgyzstan by investing in projects that are strategically important for both nations. The fund seeks to foster sustainable economic development through targeted investments.
The agreement outlines a co-financing strategy where RKDF and AKDF will invest a minimum of $1 million per project in businesses registered in Kyrgyzstan. The funds will offer financial support through lending, equity participation, and other mechanisms, focusing on projects that align with the country’s economic priorities.
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Driving Economic Growth through Investment
Artem Novikov, Chairman of RKDF’s Board, emphasized the shared objectives of both funds, stating:
“By working together, RKDF and AKDF will prioritize projects that drive Kyrgyzstan’s economic growth. Our financial synergy will lead to sustainable and impactful investments.”
Almaz Mambetov, Co-Chairman of AKDF’s Board, highlighted RKDF’s decade-long experience in business financing and expressed confidence in the partnership’s ability to attract investment and modernize key industries.
Strategic Sectors and Development Goals
The Kyrgyzstan investment partnership is expected to focus on infrastructure, energy, and technology, sectors crucial for the country’s economic transformation. By leveraging foreign investment, the initiative aims to:
Looking Ahead
As this investment partnership unfolds, further details on specific projects and funding opportunities will be announced. This initiative represents a strategic effort to position Kyrgyzstan as an attractive destination for international investors.
