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Government approves agreement with Kazakhstan on allocation of $100mln within Eurasian integration

The Kyrgyz Government has approved a draft agreement between the Governments of Kyrgyzstan and Kazakhstan on the development of economic cooperation under the Eurasian Economic Union.

The corresponding decree of March 2, 2015 was signed by Prime Minister Joomart Otorbayev.

Under the agreement, Kazakhstan will give Kyrgyzstan financial aid of $100 million in order to facilitate the process of joining of the Kyrgyz Republic in the Eurasian Economic Union.

The order of providing assistance as well as a monitoring mechanism for implementation of the agreement is regulated under a separate Protocol.

The agreement will enter into force when the sides complete internal procedures for ratification of the document.

The agreement will be terminated when all the obligations under this agreement, as well as the protocol of this agreement will be met.

Original url : www.akipress.com

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