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Kyrgyzstan, Kazakhstan Establish Joint Investment Fund
on 11 July, 2007 15:28:17 | 942 times read
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BISHKEK, 11 July 2007 --- Kazakhstan and Kyrgyzstan have signed an intergovernmental agreement on establishment of the joint investment fund with estimated capital making USD 120 million, Kazinform reports.
“Kazakhstan and Kyrgyzstan will place USD 100 and 20 million into the fund correspondingly”, Prime Minister of Kazakhstan Karim Massimov told press conference in Bishkek after the bilateral negotiations.
“This money will help develop the Kyrgyz economy and deepen cooperation between our countries”, Mr. Massimov added.
Kazyna Sustainable Development Fund JSC is expected to control the activity of the new fund on the part of Kazakhstan.
Source: KazInform http://www.inform.kz/showarticle.php?lang=eng&id=153497)
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