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The Secretariat of the Investment Council participated in the panel session of the Regional Green Economy Forum

The Secretariat of the Investment Council participated in the panel session of the Regional Green Economy Forum

On October 23, 2024, the Regional Green Economy Forum "Green Development Path of Central Asia 2024" started in Bishkek, with the main goal of strengthening cooperation among Central Asian countries in key areas of the green economy, such as green energy, sustainable tourism, green construction, and waste management. The forum also aims to identify promising regional initiatives for their joint promotion and implementation.

The first panel session was moderetad by Uluk Kydyrbaev, Head of the Secretariat of the Investment Council and was dedicated to critical issues of green economic development and sustainable growth. In his opening remarks, Uluk Kydyrbaev emphasized: "The transition to a green economy is an opportunity for Central Asia to take a leading position in ecological development, maintaining a balance between economic growth and responsible resource use." He highlighted the importance of strengthening partnerships between the public and private sectors for implementing successful projects that contribute to economic growth and social stability.

During the panel session, participants discussed a wide range of topics related to the implementation of the green economy in Central Asia:

  • The European Union's support for the green development initiative, particularly the allocation of over 1 billion euros for projects in Central Asia aimed at transforming energy infrastructure. These projects facilitate regional integration in the field of renewable energy.
  • Dr. Renaud Vuigner from Switzerland presented how investments in renewable energy can strengthen the economic resilience of regions, using a project in the Issyk-Kul region as an example.
  • The Eurasian Development Bank presented its strategy to support green financing and energy efficiency. Mr. Konrad Albrecht emphasized the importance of synchronizing sustainable development goals with regional initiatives, highlighting projects funded by the bank.
  • Political approaches to balancing economic growth and resource sustainability, presented by Mr. Takayoshi Kato of OECD, are especially relevant to Central Asia, where water, energy, and land resources are closely interconnected.
  • Challenges faced by the private sector in transitioning to green practices were highlighted by Mr. Zhanabil Davletbayev of the International Business Council, who pointed out that high costs for adopting green technologies are the main obstacle for small and medium enterprises.

The panel discussion demonstrated the importance of learning from international experience and stressed the need for deeper interaction between public and private partners. Participants noted the risks associated with project implementation and the importance of innovation and advanced technology to mitigate these risks. They also spoke about the importance of incentivizing the private sector through legislative measures and support programs, which would help to implement the green agenda more effectively.

The session's conclusion emphasized that international dialogue and experience exchange play a vital role in achieving success in the implementation of green economy projects. The Secretariat of the Investment Council continues to actively promote public-private partnerships and the green economy in the country, supporting efforts aimed at sustainable development and attracting new investments in key projects.

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The Secretariat on Birinchi Radio's "Main Issue" Program

The Secretariat on Birinchi Radio's "Main Issue" Program

The Secretariat on Birinchi Radio's "Main Issue" Program
The discussion focused on regional development, including Batken. The guests talked about the recent "Development of Batken – Development of the Country 2" investment forum, as well as the off-site meeting of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic held during the forum.
The guests were Nurgazy Osmonkanov, Public Relations Specialist at the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, and Adilet Orozkulov, Regional Development Specialist at the Ministry of Economy and Commerce of the Kyrgyz Republic. The program was hosted by Meerim Abdramanova.

We express our gratitude to the Birinchi Radio team for inviting us to the air.
The full version of the show (in Kyrgyz) is available via the link

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The Secretariat participated in a seminar on PPP projects in the Kyrgyz Republic

The Secretariat participated in a seminar on PPP projects in the Kyrgyz Republic

The Secretariat of the Investment Council participated in a seminar on PPP projects in the Kyrgyz Republic, held on October 18, 2024, in Bishkek as part of the III International PPP Conference. The event, organized by the World Bank, IFC, and the PPP Center, gathered around 40 participants, including representatives from government agencies, international organizations, and the private sector.
The seminar opened with welcoming remarks from Hugh Riddell, the World Bank's Country Director in the Kyrgyz Republic, and Uluk Kydyrbaev, Head of the Investment Council Secretariat, who emphasized the importance of strengthening the partnership between the public and private sectors. They highlighted how such cooperation is essential for the successful implementation of infrastructure projects that can drive economic growth and sustainable development.
The seminar featured several thematic sessions. The first session focused on an overview of PPPs and their processes, where Jemima Sy from the World Bank and Aurelie Arnaud from IFC discussed international practices and tools for project analysis. Representatives from the PPP Center presented the legal aspects of PPPs in Kyrgyzstan, while Aditi Raina from the World Bank shared methods for PPP project screening and analysis.
The second session addressed water supply and wastewater issues, with presentations by Nicolas Saporiti of IFC and Verena Schaidreiter from the World Bank, who discussed current initiatives in the water sector. Representatives from Bishkek Municipality and Issyk-Kul Region also shared their ongoing projects.
The third session was dedicated to renewable energy, where Sumeet Shukla and Aurelie Arnaud from IFC discussed projects in wind energy and street lighting. The Ministry of Energy of Kyrgyzstan provided insights into current projects and future plans in this sector.
The session on transport featured case studies of successful projects such as the Almaty Ring Road, presented by Almaz Karassayev from IFC. Discussions also included initiatives for developing municipal parking and plans to improve transport infrastructure, with input from the Ministry of Transport and Bishkek Municipality.
The final session focused on agriculture and logistics, with Guillermo Pare from IFC discussing transport corridors and logistics, while representatives from the Ministry of Agriculture of Kyrgyzstan presented current initiatives in the sector.
The seminar served as a valuable platform for exchanging experiences and finding solutions to enhance the implementation of PPP projects in the Kyrgyz Republic. Such seminars and conferences also foster deeper international cooperation and attract investments to the country, strengthening the Kyrgyz Republic's position as a promising partner for international investors and organizations.
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Uluk Kydyrbaev moderated a panel session

Uluk Kydyrbaev moderated a panel session

The Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, Uluk Kydyrbaev, moderated a panel session on "International Dialogue on Public-Private Partnership (PPP)" as part of the III International PPP Conference. The session focused on key aspects of global PPP implementation experiences.
The discussions emphasized the need for stronger collaboration between the public and private sectors to successfully implement infrastructure projects that contribute to economic growth and social stability.
Participants, including experts from international organizations such as the World Bank, the Asian Development Bank, and the Eurasian Economic Commission, shared practical case studies—both successes and failures—from their countries.
In particular, Professor Hwang Won Kyu from South Korea presented examples of failed projects, which became important lessons for many nations. His presentation underscored the critical importance of accounting for all risks and anticipating challenges when implementing major infrastructure projects through PPP.
Other notable panelists included:
• Nadiira Myrzagalieva, Executive Director, Kazakhstan PPP Center
• Dr. Eyup Vural Aydin, Chairman of the Istanbul PPP Center
• Pradhan Grishma, Advisor, Commercial Law Development Program (CLDP)
• Steven Van Gasse, Associate Dean, Hasselt University
The panel discussion underscored the significance of learning from international experience and continuing to work on local initiatives, including developing specialized regional brands to attract investment.
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