During the first meeting of the Regional Investment Council under the Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region, several key Memorandums of Cooperation were signed, marking significant steps forward in fostering partnerships aimed at regional economic development.

Memorandum of Cooperation between the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic and the Center for Public-Private Partnership (PPP) under the National Investment Agency:

This agreement focuses on establishing long-term collaborative relationships to enhance the business environment and investment climate in Kyrgyzstan. The parties committed to working together on initiatives that include promoting entrepreneurship, improving legislative frameworks, and advancing PPP mechanisms to drive socio-economic development.

Memorandum of Cooperation between the Secretariat of the Investment Council and the Center for Climate Financing under the Cabinet of Ministers:

This memorandum outlines the collaboration on climate change initiatives and the mobilization of financial resources from international climate funds. The agreement aims to address environmental challenges through sustainable investments and to integrate climate adaptation strategies into the national economic policy.

The signing of these memorandums reflects the commitment of the Kyrgyz Republic to foster strong partnerships between government institutions, private sector entities, and international organizations. These collaborations are seen as essential to driving forward the nation's economic and environmental goals, particularly in the context of sustainable development and the creation of a favorable investment climate.

The Regional Investment Council meeting serves as a platform for these strategic partnerships, underscoring the importance of coordinated efforts in achieving the broader objectives of regional growth and development.

The signing of these memorandums during the Regional Investment Council meeting marks a significant milestone in the ongoing efforts to strengthen public-private collaboration in the Kyrgyz Republic. These agreements are expected to pave the way for more robust and effective partnerships that will contribute to the sustainable development of the region.

The first session of the Regional Investment Council in Issyk-Kul Region, moderated by Uluk Kydyrbaev, Head of the Secretariat of the Investment Council, focused on the investment potential and priority projects for the development of the country's regions.

One of the key speakers was Asylbek Aliev, First Vice-President of the Tourism Development Support Fund of the Kyrgyz Republic. He presented the activities of the Fund and its initiatives to support the tourism sector, highlighting that Issyk-Kul Region attracts over 1 million tourists annually. He also spoke about the international sports complex being built in Tosor village.

In addition, Malik-Aidar Abakirov, Chairman of the Board of OJSC "Guarantee Fund," discussed the possibilities of providing guarantees for projects, which could be a crucial factor in attracting investments to various sectors of the economy.

Special attention was given to the development of the local entrepreneurial ecosystem. Mukash Kaldarov, Senior Adviser of UNDP on Social Cohesion, and Elvira Borombaeva, Adviser to the Plenipotentiary Representative of the President in Batken Region, shared their experience with the Business and Investment Development Council of Batken Region, where a strong focus is placed on supporting youth and women's entrepreneurship.

The session also covered projects in the areas of water supply and renewable energy. Dmitriy Pyatachenko, Director of the International Finance Corporation (IFC) in Kyrgyzstan, presented his recommendations on these issues.

The presentations of investment projects such as "Three Peaks" and "Meat Processing Plant. Balykchy" generated significant interest among participants. Representatives of CWP ASSOCIATES LLC and Dordoi-Balykchy LLC discussed the prospects for implementing these projects and their importance for the region.

On August 8, 2024, during the Regional Investment Council meeting under the Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region, Uluk Kydyrbaev, Head of the Secretariat of the Investment Council, presented letters of appreciation for significant contributions to the development of public-private partnerships.

 The letters of appreciation were awarded to representatives of organizations that have actively contributed to improving the investment climate and socio-economic development of the regions of the Kyrgyz Republic:

 Ulanbek Daliev - Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region

Alexandra Solovyova - Resident Representative of UNDP in the Kyrgyz Republic

Dmitry Pyatachenko - Head of IFC in Kyrgyzstan

Nurjan Shabieva - Secretary of the Business and Investment Development Council under the Plenipotentiary Representative of the Government of the Kyrgyz Republic in Batken Region

Nurbek Anarbek uulu - Director of the Public-Private Partnership Center

Ak Maral Ismailova - Specialist at the Public-Private Partnership Center

These letters of appreciation symbolize the recognition of the importance of active participation and support from key partners in achieving sustainable economic growth and improving the business environment in the Kyrgyz Republic.

On August 8, 2024, the first meeting of the Regional Investment Council under the Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region was commenced in Sary-Oy village. The main topics of the meeting are: "Regional Investment Councils: Effective Public-Private Dialogue as the Foundation for Sustainable Economic Development" and "Successful PPPs: Addressing Socio-Economic Challenges of Regions through Partnership."

The primary goal of the event is to identify new opportunities and priority sectors for implementing projects through public-private partnership (PPP) mechanisms, as well as to raise awareness among government agencies, entrepreneurs, and the local population of Issyk-Kul Region. With its significant investment potential and tourism appeal, Issyk-Kul Region is an ideal platform for the development of new projects.

The meeting began with a panel session featuring the following participants:

• Arpachiev Daniyar, First Deputy Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region;
• Eldar Abakirov, Deputy of the Jogorku Kenesh of the Kyrgyz Republic;
• Uluk Kydyrbaev, Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic;
• Kubanychbek Zhakenaev, Advisor to the Minister of Economy and Commerce;
• Alexandra Soloviova, Resident Representative of UNDP in the Kyrgyz Republic;
• Dmitry Pyatachenko, Head of IFC in Kyrgyzstan;
• Nurbek Anarbekin, Director of the Public-Private Partnership Center.

In his speech, Uluk Kydyrbaev, Head of the Secretariat of the Investment Council, noted: "Our shared task is to create conditions for attracting investments in small and medium-sized businesses across all regions of the country. In this regard, recognizing the importance of public-private dialogue for regional economic development and the goals set by the leadership of the Cabinet of Ministers, the Secretariat of the Investment Council, with partners, has begun work on launching and activating regional investment councils."

Over the course of the two-day event, speakers will share insights on economic development measures and investment opportunities in the region, including ongoing investment projects. The discussions will also cover the development of the local entrepreneurial ecosystem, with a focus on youth and women's entrepreneurship, as well as entrepreneurship among people with disabilities. Experts will discuss export opportunities, and representatives from district state administrations will present the economic potential of each district.

The meeting is organized by the Office of the Plenipotentiary Representative of the President of the Kyrgyz Republic in Issyk-Kul Region, in collaboration with the Public-Private Partnership Center (PPP) and the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, with the support of the United Nations Development Programme (UNDP) and the International Finance Corporation (IFC) in the Kyrgyz Republic.