Azerbaijan attaches importance to the development of relations with Kyrgyzstan as with all Turkic-speaking countries, measures are being taken to expand cooperation in various fields of the economy.
Azerbaijan-Kyrgyz Development Fund is an efficient platform in this direction. The Fund, established for the purpose of economic cooperation, modernization of the economy and realization of the potential, supports the joint activities of the business organizations of Azerbaijan and Kyrgyzstan and serves the development and expansion of relations between our countries. The fund will invest in priority projects of business entities registered and operating in Kyrgyzstan using various financial instruments. Priority projects of Azerbaijani and Kyrgyz business entities in the agro-industrial complex, energy, horticulture, textiles, tourism and other fields will be financed within the framework of this platform.
The registered capital of the Azerbaijan-Kyrgyz Development Fund, which is headquartered in Bishkek, is 25 million US dollars. Funds invested in the charter capital are formed by Azerbaijan, international financial institutions, financial organizations of foreign governments, as well as other sources not prohibited by the legislation of the Kyrgyz Republic.
It should be noted that the "Agreement on the establishment of the Azerbaijan-Kyrgyz Development Fund" was signed in Bishkek, the capital of Kyrgyzstan on October 11, 2022. Documents on the organization of the institution's activities were accepted, and the members of the Board of Directors were approved at the meetings of the Foundation held in Cholpon-Ata and Baku, Kyrgyzstan.
