Ministry of Economy has no data on influence of Russian-Kyrgyz Development Fund on economy 

The Ministry of Economy can't say how enterprises, opened thanks to the Russian-Kyrgyz Development Fund, impact on exports and imports, Deputy Economy Minister Eldar Abakirov said today at a meeting of Ata Meken faction.

According to him, the authorized capital of the Fund is $500 million. Money began to flow in 2014. There have been already allocated $173.5 million for 603 credits, including 22 major projects financed directly.

"Most of the money is only being used, so there is no impact on exports and imports. It is too early to say, the turnover of companies can be studied after use of credit," Eldar Abakirov said. 

He also told on the development of which sectors the credits were allocated.

The production of fabrics got a loan of $7.5 million, the production of canned food - $3.9 million, pasta, instant noodles, candies - $5.5 million. In addition, $10 million were allocated for the equipment for sugar factory in Shopokov.