President: Charter capital of Azerbaijan-Kyrgyzstan Development Fund quadrupled to $100 million

The charter capital of the Azerbaijan-Kyrgyzstan Development Fund has been quadrupled to $100 million, President Ilham Aliyev said in a joint press conference with President of Kyrgyzstan Sadyr Zhaparov, Report informs, citing AZERTAC.

“Today, an addendum to the Agreement on the Charter Capital of the Azerbaijan-Kyrgyzstan Development Fund was also signed. We increased the charter capital four times—from $25 million to $100 million. The primary reason for this increase is the high number of applications. We were informed that over 40 applications have been submitted to the fund for investment projects in Kyrgyzstan,” emphasized the head of state, adding that $100 million is not the limit.