The Russian-Kyrgyz Development Fund (RKDF) is stepping up its efforts to support Kyrgyzstan’s economy, planning to invest $161mn into local projects in 2025. That’s nearly 8% more than last year, when the fund channeled $149.3mn into development initiatives, according to Interfax.
Most of this year’s financing—around $141mn—is expected to go directly into large-scale investment projects. Another $20mn will be used to support small and medium-sized businesses through local partner banks.
Despite the growing portfolio, the RKDF says it isn’t planning to seek more capital in the near future. Its current authorized capital stands at $574mn, up by $74mn since the fund’s creation.
Currently, the RKDF is reviewing 27 potential projects worth a combined $274mn. These range from building a recreational ethnocomplex in Osh and a new multidisciplinary medical center, to launching a hydroelectric plant in Jalal-Abad and expanding local sugar production.
Several long-planned projects are finally nearing completion this year. Among them: a ceramic tile plant and a brick factory in the Issyk-Kul region, a trade and logistics hub in Osh, a sealed glass unit plant, a small hydro plant, and a fish processing facility. Altogether, the fund has invested more than $74mn in these ventures.
The RKDF was established in 2014 under a government agreement between Russia and Kyrgyzstan. Its goal is to deepen economic cooperation, modernize industries, and help Kyrgyzstan make the most of its role in regional integration through the Eurasian Economic Union.
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