BISHKEK, Kyrgyzstan, April 25. The Russian-Kyrgyz Development Fund (RKDF) has financed 160 projects in the light industry sector of Kyrgyzstan over the years of its operation, Trend reports.
According to the fund, the total value of financing reaches $42 million. It is noted that the fund's borrowers operating in this sector export their products to many countries, and the Made in KG brand is well-known beyond the borders of Kyrgyzstan.
The fund acted as the partner of the TEXPO-2024 international fashion and textile industry forum, held from April 20 to 22 in Bishkek. The forum was attended by over 10,000 people. More than 300 companies showcased their products at the forum.
"We expect that contracts worth over 300 million soms ($3.376 million) will be signed as a result of the forum. And large companies, including our borrowers, will find new partners in Russian and other EAEU countries, increase production volumes, and help Kyrgyzstan become a leader in this industry," said Artem Novikov, Chairman of the Board of the RKDF.
The Russian-Kyrgyz Development Fund was established in 2014. It is a key tool in the process of Kyrgyzstan's integration into the Eurasian Economic Union. The main goals of the fund include promoting economic cooperation between Kyrgyzstan and Russia, modernizing and developing the Kyrgyz economy, and utilizing the opportunities arising from the participation of both countries in Eurasian economic integration.
