Roseximbank to allocate USD 200 mln to Kyrgyz business for joint financing of projects

Bishkek, Nov. 10, 2021 / Kabar /. Roseximbank is ready to provide the Russian-Kyrgyz Development Fund (RKDF) with USD 200 million for joint financing of projects, head of the RKDF Artem Novikov told in Bishkek speaking at forum with the participation of the business mission of Russian companies. “Head of Roseximbank, Mr. Talybov, in his speech has already announced the increase in cooperation between RKDF and Roseximbank. During our recent discussion, we agreed that during 2022 Roseximbank is ready to additionally, without taking into account the current resources of the RKDF provide funds in the amount of USD 200 million for joint financing. We expect only projects from you," he said. In addition, Novikov said that following the results of the III Kyrgyz-Russian Business Forum, which took place in Issyk-Kul 2,5 months ago, the first preliminary agreements on the provision of RKDF with loans in the amount of about 100 million rubles had already been signed. “And these are already real steps to reduce dependence on the dollar and switch to work in national currencies in mutual trade. And we are also ready to offer these solutions for you, dear representatives of Russian business in the implementation of joint projects with Kyrgyz entrepreneurs,” said Artem Novikov. The business mission of Russian companies has started their work in Kyrgyzstan on Nov. 10 and during three days representatives of Russian business circles will discuss the creation of joint projects and new products with their Kyrgyz colleagues.