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International Business Times
International Business Times
World

Kyrgyzstan's Bakai Bank Courts US Treasury's Scott Bessent and Wall Street Heavyweights for Investment Ties

Scott Bessent, US Treasury Secretary, and Umut Abakirova, Bakai Bank Chairwoman

Kyrgyzstan's Bakai Bank CEO Umut Abakirova met with U.S. Treasury Secretary Scott Bessent and executives from major U.S. financial firms, including BlackRock, Bank of America, and KPMG, to position the Central Asian nation as a hub for American investment in emerging markets.

The high-level talks focused on deepening U.S.-Kyrgyz economic ties, with Abakirova pitching expanded cooperation in banking, private investment, and resource sectors like rare earths and lithium, critical to global supply chains. Abakirova highlighted Kyrgyzstan's strategic location and its potential to serve as a gateway for U.S. capital into Central Asia.

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