17.06.2009, 10:52 2389

Kazakhstan, Kyrgyzstan to create investment fund

Kazakhstan and Kyrgyzstan are creating the investment fund for realization of joint large-scale projects. The Prime Minister of Kazakhstan, Karim Masimov, informed after the first session of the Kazakhstan-Kyrgyzstan Intergovernmental Council at the press conference on Monday, the agency reports.

Astana. June 17. Kazakhstan Today - Kazakhstan and Kyrgyzstan are creating the investment fund for realization of joint large-scale projects. The Prime Minister of Kazakhstan, Karim Masimov, informed after the first session of the Kazakhstan-Kyrgyzstan Intergovernmental Council at the press conference on Monday, the agency reports.

"The compromise has been made for creation of joint Kazakhstan-Kyrgyz fund, which will allow realizing the projects in the territory of Kyrgyzstan with participation of the Kazakhstan companies," K. Masimov informed.

"We will probably continue consultations so that the industrial and the anti-recessionary programs, which work in the territory of Kazakhstan, could work with the economy of your country," he said, addressing the Prime Minister of Kyrgyzstan, Igor Chudinov.

According to the Prime Minister of Kazakhstan, "it will give the chance for businessmen and businesses to feel better and will decrease those problems, which result from the world financial crisis."

I. Chudinov said that we need to launch the Kazakhstan-Kyrgyz investment fund and start realization of large joint projects in the territory of Kyrgyzstan.

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