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SECTION NEWS

Russian-Kyrgyz Development Fund: who benefited for 2 years

23/11/16 09:57, Bishkek – 24.kg news agency, by Julia KOSTENKO

For two years the Russian-Kyrgyz Development Fund has financed 582 projects for $ 167.2 million. Its head Kubanychbek Kulmatov announced today at a meeting with journalists.

According to him, the fund was tasked to bring funding to 10 billion soms until the end of the year. However, the plan was exceeded by more than 1 billion soms.

In addition, the interest rate on loans was reduced from 7 to 4 percent. The number of banks- partners of RKDF was increased from 3 to 10. They have more than 300 branches all over the country.

The Development Fund launches also new projects:

  • Financing of leasing operations through microfinance institutions;
  • Co-financing of projects jointly with commercial banks of Kyrgyzstan;
  • Financing of working capital through commercial banks.

Kubanychbek Kulmatov told that the fund was discussing cooperation with the National Energy Holding and distribution companies.

"There is a proposal to install "smart" meters throughout the country. To accomplish it, we propose to produce them in Kyrgyzstan not to depend on foreign suppliers," he said. 


URL: http://eng.24.kg/parliament/170807-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
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Weighted average exchange rate of som on February 3
USD 69.4300


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GLANCE
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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