The Eurasian Development Bank (EDB) participated in the 6th Kyrgyz-Russian Economic Forum, held on 11–12 September in the Issyk-Kul region of Kyrgyzstan. At the forum, the EDB and the Russian-Kyrgyz Development Fund (RKDF) signed an agreement on investment projects and a memorandum on establishing a waste management system under a public-private partnership involving the EDB, Kyrgyzstan’s Ministry of Natural Resources, RKDF, and the Taza Alliance Group of Companies.
During the forum, the EDB and RKDF signed an agreement on the joint financing of investment projects, with each party contributing at least US $10 million. The agreement will prioritise projects of economic and strategic importance to the Kyrgyz Republic.
In addition, the EDB signed a memorandum of understanding and cooperation with Kyrgyzstan’s Ministry of Natural Resources, RKDF and Taza Alliance. This document aims to create a waste management system to increase recycling and reuse in industry. Key facilities will include sorting stations for waste paper, plastic, glass and metals in several regions (Osh, Issyk-Kul, Batken and Jalal-Abad). The project will be implemented as a public-private partnership, with participation from Taza Alliance and financing from the EDB, RKDF and private investors. The EDB Technical Assistance Fund is currently preparing the project.
The 6th Kyrgyz-Russian Economic Forum focused on strategic aspects of economic cooperation, the exchange of experience and the promotion of partnerships between representatives of Kyrgyzstan and Russia. The event outlined new opportunities for joint projects, especially in green energy and the stock market, which are important for strengthening economic ties in Eurasia.
