The Prime Minister of the Kyrgyz Republic meets with the Executive Director of the Eurasian Fund for Stabilization and Development

27 February 2019

Moscow, 27 February 2019. Mukhammedkalyi Abylgaziev, Prime Minister of the Kyrgyz Republic, met with Andrey Shirokov, Executive Director of the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB), during EFSD delegation's visit to Bishkek.

The sides commended their bilateral cooperation in respect of investment and grant projects fulfilled by the EFSD in the Kyrgyz Republic and discussed their key medium-term plans and the future of their partnership. In particular, they agreed to jointly support the construction of social infrastructure, as well as road and transport, education and health facilities.

“The positive outcomes of cooperation between Kyrgyzstan and the EFSD suggest that our joint work should be advanced further. The EFSD is ready to extend its full support to projects of strategic importance to the Kyrgyz Republic,” Andrey Shirokov commented.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. 

The Eurasian Fund for Stabilisation and Development (EFSD) amounting to US$8.513 billion was formed on 9 June 2009 by the governments of the same six countries. The objectives of the EFSD are to assist its member countries in overcoming the consequences of the global financial crisis, ensure their economic and financial stability, and foster integration in the region. The EFSD member countries signed the Fund Management Agreement with Eurasian Development Bank giving it the role of the EFSD Resources Manager.  

The EDB Media Centre:

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