UK Launches $5 Million Investment Fund in Kyrgyzstan
Great Britain to Open $19.5 Million Investment Fund in Kyrgyzstan
Bishkek – 16:00, 29 April 2024 – The British Ambassador to the Kyrgyz Republic, Nicholas Bowler, announced that Great Britain will be opening an investment fund in Kyrgyzstan with a capital of $19.5 million. This decision was shared during a meeting with journalists to discuss the recent visit of UK Secretary of State for Foreign, Commonwealth and Development Affairs, David Cameron, to the country.
During his visit, David Cameron pledged to increase funding for education, business support, and investment in Kyrgyzstan. The UK will also be increasing the quotas for Kyrgyzstanis to study at British universities and providing English language textbooks for schools in the country.
In addition to establishing the investment fund, the UK will also provide assistance to improve conditions for British investors in Kyrgyzstan. The focus of the investment fund will be to support small and medium-sized businesses as well as women’s entrepreneurship.
Nicholas Bowler further revealed that an agreement has been made with the Cabinet of Ministers for a British company to construct a plant for the production of building fabric in Osh. Additionally, British geologists will soon begin work on digitalizing geological data in Kyrgyzstan as Great Britain is also interested in the extraction of minerals in the region.
This initiative signifies a growing partnership between Great Britain and Kyrgyzstan, with mutual benefits expected for both countries.
