BISHKEK, Kyrgyzstan, December 16. The Russian-Kyrgyz Development Fund (RKDF) has been integrated into the financing mechanism for industrial cooperation projects within the Eurasian Economic Union (EAEU), Trend reports via the Ministry of Economy and Commerce of Kyrgyzstan.
The heads of government of the EAEU member states made this decision during a session of the Eurasian Intergovernmental Council. The initiative was proposed by Kyrgyzstan.
The initiative aims to strengthen the role of domestic businesses in economic integration and provide new opportunities for Kyrgyz companies to participate in cooperative projects.
The ministry noted that including the RKDF in this mechanism will ensure access to favorable credit conditions, which is particularly beneficial for small and medium-sized businesses. This move will also help create more transparent standards and build trust in the financing system.
According to the ministry, this step opens up new opportunities for Kyrgyz entrepreneurs to engage in cooperation within the EAEU framework, strengthens regional economies, and promotes balanced development.
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.