The Russian-Kyrgyz Development Fund (RKDF) is developing a strategy for its work for the next five years. It provides for an active participation in the activities of the stock market. Bakyt Kurmanbekov, member of the Board of RKDF, announced today during a meeting with the international multi-sectoral business mission of Russian companies to Kyrgyzstan.
«One of the objectives of the RKDF is the development of the stock market in the country. Starting this year, we plan to invest part of our resources in bonds of corporate issuers of the Kyrgyz Republic. This is a pilot project, and the limit for this activity is $5 million so far,» he said.
President of Kyrgyz Stock Exchange CJSC Medetbek Nazaraliev stressed that the participation of such a large development institution would give impetus to the domestic stock market.
«The domestic capital market is greatly underestimated. Many companies, including state-owned ones, show huge gains,» Medetbek Nazaraliev said.
The business mission was organized by the RKDF jointly with the Russian Export Center. It attracted more than 100 companies from Russia.
