At the meeting held as part of the XXI Council of the Fund, a record volume of investments was established, as noted by Artem Novikov, Chairman of the Board of the RKFR. He emphasized that this indicator reflects the important role of the Fund in promoting economic growth in Kyrgyzstan.
The Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, pointed to the busy agenda of the meeting and the significance of the decisions made: "We discussed about 15 issues, covering both the activities of the Fund and specific projects requiring funding, in accordance with previously reached agreements."
The Council approved several large-scale projects planned for implementation next year.
"We approved a number of key projects totaling over 100 million US dollars, including the supply of raw materials and materials critically important for the economy of Kyrgyzstan from the Russian Federation," added Artem Novikov.
The implementation of these initiatives will help strengthen the country's production capacities, reduce dependence on imports, and develop internal value-added chains.
The Council also supported new initiatives and regulatory acts aimed at increasing the efficiency of the Fund's operations. This concerns personnel policy, regulation of the Council's activities, corporate culture, and other management aspects that create conditions for further growth and expansion of the RKFR's work in the Kyrgyz Republic.
The Russian-Kyrgyz Development Fund continues to be the main financial institution contributing to the development of Kyrgyzstan's economy. The decisions made at the XXI Council meeting lay the foundation for the implementation of major investment projects aimed at modernizing various sectors, developing production, and improving the country's competitiveness in the long term.
