The SDB and the Turkish Investment Fundsigned a letter of intent for partnership

The State Development Bank of Kyrgyzstan and the Turkic Investment Fund have taken a step towards deepening financial cooperation. At a working meeting held in Bishkek on 22 October, the parties discussed the prospects for joint financing of investment projects in key sectors – infrastructure, energy and support for small and medium-sized businesses.

The delegation of the Turkic Investment Fund was led by Director General Ramil Babayev.

Following the negotiations, a preliminary memorandum of understanding was signed, confirming the parties' readiness for strategic partnership and the implementation of joint initiatives. The document paves the way for the formation of specific financing mechanisms and the launch of joint investment programmes aimed at developing the national economy.

In the near future, the parties will continue to work together to develop projects, identify priority areas and attract private investment in the real sector.

The agreement with the Turkic Investment Fund is a step towards integrating Kyrgyzstan into the financial initiatives of the Turkic world and will enable additional sources of long-term capital to be attracted for strategic industries.