In order to expand partnerships for financing development projects in the Kyrgyz Republic, negotiations and an official signing ceremony on cooperation between JSC State Development Bank of the Kyrgyz Republic and JSC Bai-Tushum Bank were held in Bishkek on December 15, 2023.

During the meeting, the Parties discussed the tasks and potential of Banks and expressed their intentions to develop mutually beneficial proposals for the implementation of credit products in the context of regional development and diversification of the economy of the Kyrgyz Republic.

The parties also discussed the potential, medium- and long-term development plans of both institutions, while noting the broad prospects for cooperation on co-financing projects.