EDB and the Russian-Kyrgyz Development Fund sign a framework cooperation agreement

Bishkek, 28 September 2016. Eurasian Development Bank (EDB) and the Russian-Kyrgyz Development Fund (RKDF) signed a framework cooperation agreement in Bishkek. The signatories were Serik Primbetov, Director of the EDB Representative Office in Bishkek, and Kubanychbek Kulmatov, Chairman of the RKDF Management Board.

The parties intend to advance cooperation by financing jointly investment projects in the transport sector, mining, metallurgy, agriculture, and infrastructure development.

The agreement envisions that the parties will jointly select projects, share country and sector research data, and cooperate in other areas relating to joint project finance.

"The signature of the framework cooperation agreement means that the two financial institutions will deepen cooperation in the investment sphere," Serik Primbetov emphasises. "We are ready to develop long-term, mutually beneficial relationships with the RKDF. I am convinced that the document we signed today will soon become the basis for launching mutually beneficial projects and programmes."

Additional Information about the Bank:

Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

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