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Russian Gazprombank to finance project in Kyrgyzstan

Kyrgyzstan Materials 20 June 2022 11:11 (UTC +04:00)
Russian Gazprombank to finance project in Kyrgyzstan
Aygun Maherramova
Aygun Maherramova
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Baku, Azerbaijan, June 20. Kyrgyzstan's Cabinet of Ministers signed a memorandum on cooperation with one of the largest Russia's financial institutions - Gazprombank, Trend reports via Kyrgyzstan's Ministry of Finance.

According to the ministry, Russian Gazprombank will finance the State Procurement Program of Kyrgyzstan.

Moreover, the Bank will also consider the issue of providing Kyrgyzstan with direct financing for the purchase of Russian-produced goods, and together with authorized banks will ensure control over their intended use, the ministry said.

At the same time, Gazprombank will also provide rating consultancy services to increase the investment attractiveness of Kyrgyzstan.

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