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Friday, 23 October 2026

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Capital of Azerbaijan-Kyrgyz Development Fund Raised to 200 Million USD

The capital of the Azerbaijan-Kyrgyz Development Fund has been increased to 200 million USD, sealed by an agreement between the two countries.

Archive photo: Capital of Azerbaijan-Kyrgyz Development Fund Raised to 200 Million USD
Archive photoPhoto: African Development Bank Group · Wikimedia Commons · Public domain

The capital of the Azerbaijan-Kyrgyz Development Fund (AKFR) has been raised to 200 million USD. This decision was announced on October 24, 2023.

The Prime Minister of the Kyrgyz Republic, Adylbek Kasymaliev, has signed a second additional agreement that outlines changes to the original contract with Azerbaijan. These changes pertain to the establishment and financial framework of the fund.

The capital increase is intended to strengthen cooperation between Kyrgyzstan and Azerbaijan and to promote economic development in both countries.