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Russia-Kyrgyzstan development fund financed over 3,300 projects — CEO

Investments made by the fund in the Kyrgyzstan economy are over $530 mln

ST. PETERSBURG, June 14. /TASS/. The Russia-Kyrgyzstan Development Fund (RKDF) has financed over 3,300 projects from the start of its operations, CEO of the Fund Artem Novikov said at the St. Petersburg International Economic Forum (SPIEF).

"The Russia-Kyrgyzstan Development Fund has become a leading financial institution on the territory of the Republic of Kyrgyzstan. The track record of successful projects implemented to date is over 3,300," Novikov said.

Investments made by the fund in the Kyrgyzstan economy are over $530 mln, he noted. "Revenues of companies financed by us is approaching the mark of 9% of the republican GDP," Novikov added.

The 26th St. Petersburg International Economic Forum (SPIEF) — Russia’s showcase annual economic and business event — is being held on June 14-17. The theme of this year’s forum is: "Sovereign Development as the Basis of a Just World: Joining Forces for Future Generations." TASS is the official information partner of the event.

SPIEF’s expanded business program offers attendees the opportunity to participate in more than 140 sessions featuring over 1,000 moderators and speakers, according to event organizer Roscongress Foundation. In line with tradition, Russian President Vladimir Putin will address the plenary session of SPIEF on Friday.

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