Economic interests emerge as new pillar of Aliyev and Japarov alliance

Kyrgyz President Sadyr Japarov is in Baku on a working visit to attend the 7th CICA Summit, which Azerbaijan chairs and hosts on October 15. The visit focuses on turning agreements into practical results, including expanded trade, investment, banking ties and transport links. Bilateral trade totaled $77.17 million in 2025, about 1.9 times the 2024 figure.

The Azerbaijan-Kyrgyzstan Development Fund, set up in 2022, had its capital increased to $200 million in July 2026. Ilham Aliyev said the two sides agreed to double the fund's capital. A carpet plant at the Bishkek Free Economic Zone, with total investment of about $3.2 million including $1 million from the fund, is expected to create 36 jobs.

DosCredobank CEO Talantbek Omuraliev said the bank is interested in correspondent banking relationships with Azerbaijani banks and in integrating payment solutions. At the eighth Consultative Meeting of Central Asian Heads of State in Awaza on October 8, Japarov called for coordinated tariffs, schedules and digital cargo tracking on transport corridors.