An agreement on cooperation was signed between OJSC Guarantee Fund and the Financial and Credit Development Fund.

The document was signed by Erik Talasbaev, Deputy Chairman of the Board of OJSC Guarantee Fund, and Almazbek Dubanaev, Deputy Chairman of the Financial and Credit Fund.

The agreement aims to expand access to financing for businesses and reduce credit risks for financial and credit institutions by providing guarantees.

The parties expressed confidence that the cooperation will open up new opportunities for both financial institutions in supporting the country's business, primarily entrepreneurs focused on exports and import substitution.

Today, the Guarantee Fund's partner network includes 27 organisations, among which are: 19 partner banks, 3 microfinance companies, 1 microcredit company, as well as the Russian-Kyrgyz Development Fund, the Uzbek-Kyrgyz Development Fund, the Azerbaijan-Kyrgyz Development Fund and the Financial and Credit Development Fund.