Recently, Deputy Minister of Economic Affairs of Kyrgyzstan Nikolaev Ibrahim said the development of the Kyrgyz economy, to better adapt to the customs union, before September this year, Kyrgyzstan and Russia will sign agreement to establish development fund. Russia will invest $ 1 billion alone in creating this fund, of which $ 500 million authorized capital of the Fund, in addition to $ 500 million to Russia to Kyrgyzstan preferential loans will be issued within two years.
It is understood that the fund will be areas of agro-industrial complex in Kyrgyzstan, the textile and garment industry, processing industry, mining, metallurgy, transportation, residential construction loans and trade concessions. In addition, Russia will aid Kyrgyzstan $ 200 million for Kyrgyzstan to join the customs union to implement the “road map.”
Post: Kyrgyzstan, Russia Development Fund will support the textile industry
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