Azerbaijan Approves Raising Azerbaijan-Kyrgyz Development Fund Capital to $200 Million

Azerbaijani President Ilham Aliyev has approved an increase in the capital of the Azerbaijan-Kyrgyz Development Fund from $100 million to $200 million, as well as a treaty on allied relations between the two countries. Aliyev signed the laws on 13 October 2026, and the documents were published on the official presidential website on 21 October.

The move completes another legal stage of the agreements reached by Bishkek and Baku in Cholpon-Ata on 31 July 2026. The fund was established in 2022 with initial capital of $25 million. According to the fund, its paid-in capital stood at $63.82 million at the end of the second quarter of 2026, and it had approved 11 investment projects worth $76.67 million.

The 21-article treaty covers foreign policy, security, military and military-technical cooperation, energy, trade, investment, digital technologies, science, education and culture. Presidents Sadyr Japarov and Ilham Aliyev signed it on 31 July 2026. Kyrgyzstan's cabinet of ministers approved the capital increase on 4 September.