On May 23, 2024, the Secretariat of the Investment Council took part in the Stakeholder Meeting of the EBRD Small Business Initiative for the Kyrgyz Republic, Tajikistan, and Uzbekistan. The event was a hybrid meeting held at the Orion Hotel in Bishkek, Kyrgyz Republic, bringing together donors, stakeholders, entrepreneurs, and representatives from the EBRD.

Uluk Kydyrbaev, Head of the Investment Council Secretariat, participated in the event and provided an overview of the Investment Council's activities. He highlighted the Council's role in fostering a favorable business environment and facilitating dialogue between the government and the private sector to address key economic issues. Kydyrbaev also discussed the Council's initiatives aimed at improving the investment climate and supporting small and medium-sized enterprises (SMEs) in the Kyrgyz Republic.

The meeting featured various sessions, including program updates from the Kyrgyz Republic, Tajikistan, and Uzbekistan, and discussions on financing instruments such as the Risk Sharing Facility, Outcome Linked Loans, and Women in Business (WiB) credit lines. The event provided a platform for stakeholders to share insights, discuss challenges, and explore opportunities for collaboration to enhance the growth and development of SMEs in the region..

The Secretariat of the Investment Council expresses its gratitude to the EBRD and all participants for their active engagement and productive discussions. The Secretariat looks forward to continued collaboration to support economic development and investment in the Kyrgyz Republic.

On May 22, 2024, the first meeting of the Advisory Group on Improving the Activities of Development Funds and State Banks was held at the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic. The meeting focused on discussing emerging issues and developing consolidated proposals. This Advisory Group was formed following the decision of the Investment Council on May 6, 2024, to create a permanent dialogue platform involving business associations, development funds, state banks, and authorized government bodies.

During the meeting, the composition and Work Plan of the Advisory Group were reviewed. Proposals were discussed to improve the mechanisms for interaction between the business community and the development of financial institutions to create favorable conditions for access to finance.

The Advisory Group includes representatives from the Ministry of Economy and Commerce of the Kyrgyz Republic, the Ministry of Finance of the Kyrgyz Republic, the National Investment Agency under the President of the Kyrgyz Republic, the PPP Center under the National Investment Agency, the State Development Bank, Aiyl Bank, RSK Bank, the Russian-Kyrgyz Development Fund, the Azerbaijan-Kyrgyz Development Fund, the Hungarian-Kyrgyz Development Fund, the Social Partnership Fund for Regional Development, the International Business Council, the Agro-Industrial Complex Development Association, the JIA Association, and the Union of Banks of the Kyrgyz Republic.

The Secretariat of the Investment Council conducted a meeting with a German business delegation from the federal state of Rhineland-Palatinate, organized by the Representative Office of the German Economy in Central Asia.

The Head of the Investment Council Secretariat, Uluk Kydyrbaev, conducted a B2B meeting with the Rheinhessen Chamber of Commerce and Industry, which boasts 42,000 members from various sectors. During the meetings, potential areas of cooperation and investment opportunities in the economy of the Kyrgyz Republic were discussed. Ms. Elvin Yilmaz, Head of the Foreign Trade Department of the Rheinhessen Chamber of Commerce and Industry, expressed interest in further cooperation with the Investment Council Secretariat.

The delegation's visit aimed to highlight the possibilities and prospects for establishing and expanding business relations between the Kyrgyz Republic and Germany. It also sought to promote the development of bilateral trade and strengthen connections between the business communities of both nations.

The Secretariat of the Investment Council extends its gratitude to the Representative Office of the German Economy for organizing the visit and to all participants for their active engagement and productive discussions. We anticipate that these meetings will pave the way for new mutually beneficial projects and enhance economic ties between our countries.