BISHKEK, Kyrgyzstan, December 10. As of November 1, 2024, the loan portfolio of the Russian-Kyrgyz Development Fund (RKDF) reached $360 million, Trend reports.
According to research by the Eurasian Development Bank (EDB), since its inception, the Fund has financed 3,501 projects in Kyrgyzstan, totaling $760.5 million. The ratio of investments to the Fund's authorized capital of $500 million is 152 percent.
In 2023, the RKDF's financing volume hit a record $159 million, which is 2.3 times higher than in 2022.
The EDB noted that over the past 3.5 years (since 2021), the Fund invested $390.2 million into Kyrgyzstan's economy, accounting for 51 percent of all disbursed funds.
The Fund’s portfolio has seen a shift toward increased investment in manufacturing and small hydropower sectors over the last 3.5 years.
According to EDB data, the RKDF annually ranks as a leader in non-sovereign financing in Kyrgyzstan. In addition to loans, the Fund offers a wide range of private sector support tools, including financing for SMEs through banks, financial sector development, guarantees, technical assistance, and project financing consultations.
Founded on November 24, 2014, the Russian-Kyrgyz Development Fund's mission is to foster economic cooperation between Kyrgyzstan and Russia, modernize and develop the Kyrgyz economy, and capitalize on opportunities arising from their participation in Eurasian economic integration.