19.03.19.
The Russian-Kyrgyz Development Fund plans to make a loan agreement worth 100 million dollars in 2019.
Oleg Kudyakov, Vice President of the Russian-Kyrgyz Development Foundation, stated in the briefing held in Bishkek, that they made such predictions based on their speed of work and their applications. He said: “this figure involves lending large projects and financing small and medium sized enterprises through our joint banks”
In 2018, the Russian-Kyrgyz Development Foundation reached 42.4 million dollars in lending. This is probably the smallest amount in the history of the foundation.
Erkin Asrandiyev, Chairman of the Board, explains this with the fact that there was a low level of business activity in 2018. It lasted until September and a total of 55 projects were approved.
Asrandiyev stated that there is an expected increase in the amount of funds to 100 million dollars, He added: “this is the result of our work in 2018. 60-70% of the projects received can already be implented. Project finding and drawing applications are still continuing. Applications will also be received throughout the year ”.
He stressed that , traditionally the emphasis should be given to the production area. The president of the Foundation informed that a large investment project will be launched at the end of April. Erkin Asrandiyev didn't explain the further details at the request of businessmen.
