Azerbaijan and Kyrgyzstan plan to establish a fund for $25 million

17:25 - 10.10.2022


October 10, Fineko/abc.az. This week, Azerbaijan and Kyrgyzstan are planning to sign an agreement on the establishment of a joint fund with authorized capital of $25 million, ABC.AZ reports, citing Kyrgyz Deputy Economy Minister Kanatbek Abdrakhmanov at a meeting of the budget committee of the parliament.

"All the funds, all the resources are provided by the Azerbaijani side. The headquarters will be located in Bishkek," the deputy minister said.

He added that the structure and scheme of the fund will be similar to the already established joint funds with Uzbekistan and Hungary.