Uzbekistan will allocate $50 million to Kyrgyzstan for implementation of various economic projects. This was announced at the meeting of the Committee on Economic and Fiscal Policy.
The members approved ratification of the agreement on establishment of the Kyrgyz-Uzbek Development Fund. According to it, Uzbekistan will allocate funds to Kyrgyzstan. A board will be created, consisting of representatives of Kyrgyzstan, and the Board of Directors will include three representatives of Uzbekistan and two – of the Kyrgyz Republic.
Back in 2017, during the first visit of Sooronbai Jeenbekov to Tashkent, the parties signed an agreement on financial cooperation. It provided for creation of the fund. But implementation of the document started only now. (24.kg/Business World Magazine)