The intergovernmental agreement on the joint fund was signed in March this year during the visit of the President of Kyrgyzstan to Tashkent.

The competent authority responsible for the implementation of the Agreement is the Ministry of Investments and Foreign Trade.

The initial capital of the Uzbek-Kyrgyz Development Fund will amount to $50 million, and in the future, it will be increased to $200 million. 

Sadyr Japarov ratified the agreement on August 18.