Kyrgyzstan, U.S.-based StoneX discuss expanding financial, commodity ties

BAKU, Azerbaijan, September 22. Kyrgyzstan and
StoneX Group discussed prospects for expanding financial and
commodity cooperation.

According to the press service of the Kyrgyz president, the
discussion took place during a meeting between President of
Kyrgyzstan Sadyr Japarov and StoneX Group Chief Executive Officer
Philip Smith in New York on September 21. The meeting was held as
part of Sadyr Japarov’s working visit to the United States.

"In this regard, the sides discussed promising areas of
cooperation, including trade in precious metals, price risk
management, international settlements and the use of modern
financial instruments," the statement said.

The sides noted that Kyrgyzstan and StoneX Group already have
experience of cooperation in international trade in precious
metals.

Furthermore, the business ties accumulated over previous years
and the company’s knowledge of the specifics of the Kyrgyz market
were noted as a basis for further expanding practical
cooperation.

Particular attention was paid to the possibilities of using
international financial infrastructure and the experience of StoneX
Group to implement new projects in Kyrgyzstan.

Sadyr Japarov emphasized the importance of further developing
economic cooperation between Kyrgyzstan and the United States,
noting the Kyrgyz side’s interest in attracting American
investments, technologies and international experience.

Meanwhile, StoneX Group is a US-based financial services company
providing institutional, commercial and governmental clients with
access to global financial and commodity markets. Its services
include trading and risk management solutions across a range of
asset classes, including precious metals.

Kyrgyzstan has been developing its cooperation with
international financial institutions and market participants as
part of efforts to expand access to global financial markets and
attract investment. The country also remains active in the
international trade of precious metals, which is one of the areas
discussed between Kyrgyzstan and StoneX Group.