The Russian-Kyrgyz Development Fund (RKDF) has approved a $150 million budget to support Kyrgyzstan’s economy in 2025, with six new projects already greenlit for more than $95 million in financing.
According to Artem Novikov, Chairman of the RKDF Board, the newly approved initiatives include industrial cooperation with the national railway company, Kyrgyz Temir Jolu, support for the domestic sugar industry, and the implementation of new trade financing mechanisms to enhance trade turnover between Kyrgyzstan and Russia.
Kyrgyzstan’s Minister of Economy and Commerce, Bakyt Sydykov, underscored the strategic role of the RKDF, calling it a key tool in the country’s economic development. “The RKDF remains Kyrgyzstan’s key partner in financing strategically important projects,” he said.
Sydykov also highlighted Kyrgyzstan’s recent industrial growth. In 2024, the country opened 102 new industrial enterprises, with plans to launch an additional 128 facilities this year.
The RKDF was established in 2014 by the governments of Kyrgyzstan and Russia to promote bilateral economic cooperation, modernize Kyrgyzstan’s economy, and capitalize on opportunities offered by regional integration within the Eurasian Economic Union (EAEU), which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.
In a related development, the Azerbaijan-Kyrgyz Development Fund (AKDF) recently approved financing for two projects in Kyrgyzstan: the construction of a 9 MW small hydroelectric power plant and a modern sewing factory expected to create 300 jobs.
