Kazakhstan provides $41m of its $100m assistance to help Kyrgyzstan adapt to EEU requirements

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BISHKEK (TCA) — Kazakhstan has allocated the first tranche of $41 million of its $100 million technical assistance to help Kyrgyzstan adapt to the requirements of the Eurasian Economic Union (EEU), which unites Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

A Detailed List of technical assistance activities was signed by the Vice Minister of Finance of Kazakhstan Kanat Bayedilov and Deputy Minister of Economy of Kyrgyzstan Almaz Sazbakov on August 22 in Cholpon-Ata (Kyrgyzstan) at the Economic Forum “Issyk-Kul 2017” and the meeting of the Council of the Eurasian Economic Commission with the participation of the First Deputy Prime Minister of Kazakhstan Askar Mamin and the Vice Prime Minister of the Kyrgyz Republic Oleg Pankratov, the official website of the Prime Minister of Kazakhstan reported.

Within the framework of the Agreement between the Governments of Kazakhstan and the Kyrgyz Republic on the development of economic cooperation in the conditions of Eurasian Economic Integration signed in December 2016, Kazakhstan will allocate $100 million to Kyrgyzstan.

The first tranche of $41 million is directed to the implementation of the Roadmap projects on the accession of Kyrgyzstan to the EEU Treaty: modernization and development of the customs border infrastructure, improvement of veterinary, phytosanitary and quarantine systems in accordance with international standards, and training of Kyrgyz specialists.

Kazakhstan’s technical assistance of $22 million was aimed only for equipping and upgrading the veterinary and quarantine services of the Kyrgyz Republic.

This will allow Kyrgyzstan to more quickly adapt its economy to the requirements of the EEU, and help the country export its products to EEU member states.

Sergey Kwan

TCA