OREANDA-NEWS. State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' and the Russian-Kyrgyz Development Fund (RKDF)entered into an agreement on cooperation.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of RKDF by Board Chairman NursuluAkhmetova.

The agreement specifies main mechanisms and principles of interaction between Vnesheconombank and RKDF as part of implementing investment and export Russian-Kyrgyz projects.

The agreement's implementation would help to further deepen and expand trade, investment and financial relations between Russia and Kyrgyzstan.

The Russian-Kyrgyz Development Fund was founded to enhance economic cooperation between the Kyrgyz Republic and the Russian Federation as well as upgrade and develop the Kyrgyz economy and take advantage of opportunities offered by the parties' participation in the Eurasian economic integration.