China To Generously Provide Financial Assistance To Kyrgyzstan
Date
9/19/2024 8:16:43 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, September 19. The Chinese
government will provide the Cabinet of Ministers of Kyrgyzstan with
grant aid totaling 200 million Chinese yuan (more than $28 million)
for the implementation of future project agreements, the statement
of Kyrgyzstan's Cabinet of Ministers, Trend reports.
The corresponding agreement was signed in Beijing by Deputy
Chairman of the Cabinet and Minister of Water Resources,
Agriculture and Processing industry Bakyt Torobaev and Director of
the State Agency for International Cooperation and Development of
China Luo Zhaohui.
The funds provided on a grant basis are allocated following the
agreement between the Government of Kyrgyzstan and the Government
of China on cooperation in the implementation of bilateral
technical and economic assistance projects. The document is aimed
at further development of friendly relations and technical and
economic cooperation between the two countries.
To note, the 16th meeting of the Intergovernmental
Kyrgyz-Chinese Commission on Trade and Economic Cooperation was
also held in Beijing on September 18 in a tight and enlarged
format.
Meanwhile, it was noted that in 2023 the volume of trade
turnover amounted to $20 billion, which is 32 percent more compared
to 2022, and from January through July of this year the volume of
trade turnover reached almost $11 billion.
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