BISHKEK, Kyrgyzstan, December 4. By 2030, the Russian-Kyrgyz Development Fund (RKDF) plans to double its investments to $1 billion, announced Artem Novikov, Chairman of the Fund’s Management Board, during a ceremony marking the Fund’s 10th anniversary, Trend reports.
Novikov also shared that the fund aims to secure an additional $1 billion in external financing.
"Over the past decade, the RKDF has grown into Kyrgyzstan’s largest financial institution, investing more than $760 million into the country’s economy. The financing of hundreds of successful projects and the creation of tens of thousands of jobs have significantly strengthened key sectors of the economy," Novikov said.
He emphasized that, in just ten years, the Fund has evolved from being a financial tool into a reliable partner in advancing Kyrgyzstan's ambitious development goals.
Novikov also announced that the RKDF plans to support the green economy by 2030, including financing environmental projects worth over $50 million.
Founded on November 24, 2014, the Russian-Kyrgyz Development Fund's mission is to promote economic cooperation between Kyrgyzstan and Russia, modernize and develop the Kyrgyz economy, and leverage opportunities arising from their participation in Eurasian economic integration.