AGREEMENT BETWEEN THE GOVERNMENT OF THE KYRGYZ REPUBLIC AND GOVERNMENT OF THE RUSSIAN FEDERATION

of November 24, 2014

About the Kyrgyz-Russian Fund of development

The government of the Kyrgyz Republic and the Government of the Russian Federation which further are referred to as with the Parties

proceeding from mutual interest in deepening and expansion of the trade, investment and financial relations of business entities of the Parties,

in view of need of mobilization of additional financial resources for ensuring sustainable social and economic development of the Kyrgyz Republic,

being guided by article 2 of the Agreement between the Government of the Kyrgyz Republic and the Government of the Russian Federation about development of economic cooperation in the conditions of Eurasian economic integration of May 29, 2014,

agreed as follows:

Article 1. Organization of the Kyrgyz-Russian Fund of development

The parties establish the Kyrgyz-Russian Fund of development (further referred to as - Fund) performing the activities according to Charter provisions (appendix No. 1) which is integral part of this agreement.

The headquarters of Fund is in the city of Bishkek, the Kyrgyz Republic.

Control of Fund is exercised by Council of Fund and Board of Fund.

Article 2. Purposes and tasks of Fund

The fund is founded for the purpose of assistance to economic cooperation between the Kyrgyz Republic and the Russian Federation, to upgrade and development of economy of the Kyrgyz Republic, effective use of the opportunities caused by participation of the Parties in Eurasian economic integration.

Tasks, functions, structure and procedure for functioning of Fund, and also competence and powers of its governing bodies are determined by the Charter.

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