As part of a working trip to Frankfurt am Main, the Minister of Finance of Kyrgyzstan, Almaz Baketaev, held a series of meetings with representatives of leading financial and investment institutions in Germany, including KfW, Union Investment, and AKA Bank. The Ministry of Finance reported on the results of the trip.
On Tuesday, December 9, Baketaev met with Christian Leibach, a member of the Executive Board of KfW. The parties discussed prospects for joint projects, including green energy, infrastructure, tourism, agriculture, and human capital development.
It was decided to create a working group to further develop key cooperation issues.
On the same day, Baketaev held talks with representatives of AKA Bank, where he presented major projects in the fields of energy, transport, and tourism. The German side noted that the ‘Kyrgyzstan – Germany’ business forum allowed for a detailed study of the potential of the republic’s private sector, and the minister’s visit became a continuation of strengthening business ties.
In addition, Baketaev met with the management of the investment company Union Investment. During the negotiations, the country’s key macroeconomic indicators and the forecast for socio-economic development until 2030 were presented.
Investors expressed interest in exploring investment opportunities in Kyrgyzstan and holding meetings with local financial institutions.
As a result of the visit, the parties agreed to further study promising projects for financing the country’s economy and deepening bilateral cooperation.
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