The EAEU Plans to Simplify the Selection of Cooperation Projects from Kyrgyzstan. What Does This Mean?

Юлия Воробьева Economy
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As reported by the head of the EAEU Coordination Department, Elimbek Kanybek uulu, at a press conference in Bishkek, a meeting of the prime ministers of the EAEU member states will take place on March 26-27 in Shymkent (Kazakhstan). The agenda will include a discussion on the Regulation for selecting joint cooperative projects in various sectors and financial assistance for their implementation.

During the meeting, a mechanism for subsidizing interest rates will be presented, which will be applied when creating or modernizing industrial production in the EAEU member countries. Projects will be selected by a commission, and subsidies for interest rates will be allocated from the EAEU budget. Special, more lenient selection criteria will be developed for Kyrgyzstan, taking into account the differences and potential of the economies of the countries.

Elimbek Kanybek uulu noted that the main goal of cooperation is to create sustainable economic chains within the EAEU, which will allow the countries to jointly develop production and increase the volume of goods produced within the Union.
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