Azerbaijan-Kyrgyzstan Investment Fund May Start Financing International Projects

The Azerbaijan-Kyrgyzstan Investment Fund is exploring the possibility of financing investment projects not only in Azerbaijan and Kyrgyzstan but also in third countries, Kyrgyz Minister of Economy and Commerce Bakyt Sydykov said in Baku during the second meeting of the ministers of industry, science, technology, and innovation of the Organization of Turkic States (OTS).

According to the minister, the fund is already actively operating and has reviewed four investment applications, giving preliminary approval. "We encourage entrepreneurs, Azerbaijani-Kyrgyz joint ventures, and investors to more actively collaborate with the fund," he added, The Caspian Post reports citing local media.

Sydykov also noted that work is underway to increase the fund's authorized capital from $25 million to $100 million.