Today, May 31, 2024, within the framework of the forum "Interaction of Business, Education, Science, and Government: Opportunities and Ways of Regional Development," a Memorandum of Cooperation and Understanding was signed between the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, the Plenipotentiary Representative of the President of the Kyrgyz Republic in Osh Region, and Osh State University.

The Memorandum aims to establish partnership relations and develop effective long-term cooperation aimed at improving the business environment and investment climate, implementing policies and applying public-private partnership mechanisms, and protecting the rights of investors and business entities.

The signing of the Memorandum is an important step towards strengthening the interaction between educational institutions, government bodies, and the private sector. It is aimed at promoting joint initiatives in the field of entrepreneurship, investments, research work, development of small and medium-sized businesses, as well as implementing ESG principles and digital transformation of the economy.

We express our gratitude to all participants for their active involvement and support, and we hope that this cooperation will bring significant results in developing the economic potential of the regions.

On May 31, Uluk Kydyrbaev, the Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, participated in a significant regional forum held at Osh State University. The event, themed "Interaction of Business, Education, Science, and Government Agencies: Opportunities and Development Paths for Regions," marked the 85th anniversary of Osh State University.

During the forum, Mr. Kydyrbaev delivered a compelling presentation during a panel session focused on "Integration of Business and University Research Potential in Ensuring Economic Environment Innovations and Modern Technologies." His presentation emphasized the importance of collaboration between businesses and universities, showcasing how such partnerships can drive innovation, enhance research capabilities, and contribute to the region's economic development. He highlighted successful case studies and potential benefits, such as improved access to cutting-edge technologies, enhanced workforce skills, and increased competitiveness.

The forum brought together diverse participants, including representatives from various government agencies, business associations, and academic institutions. Discussions revolved around strengthening public-private partnerships, advancing sustainable economic development, and exploring innovative solutions for regional growth.

The participation of the Investment Council's Secretariat in this forum underscores its commitment to supporting initiatives that drive economic progress and collaboration between different sectors in the Kyrgyz Republic.

On May 31, 2024, the Secretariat of the Investment Council of the Kyrgyz Republic participated in a significant financial forum in Bishkek, co-hosted by the Chengdu Municipal People’s Government, the Ministry of Economy and Commerce of the Kyrgyz Republic, and the Astana International Financial Centre (AIFC) Green Finance Centre. The event took place at the Sheraton Hotel, bringing together key stakeholders from the financial sectors of China, Kazakhstan, and the Kyrgyz Republic.

Chengdu, known for its robust economy and technological innovation, is a major financial hub in China. The city is famous for its thriving high-tech industry, financial services sector, and extensive infrastructure development. Chengdu's experience in fostering innovation and sustainable development offers valuable insights for the Kyrgyz Republic as it seeks to enhance its economic growth and investment landscape.

Agenda Highlights:

• Opening Remarks by Wang Fengchao, Mayor of Chengdu Municipal People’s Government, Choro Seyitov, First Deputy Minister of Economy and Commerce of the Kyrgyz Republic, and Daniyar Kelbetov, Chief Product Officer and Member of the Management Board of AIFC Authority.
• Report Launch by Aigul Kussaliyeva, Advisor of AIFC Green Finance Centre.

The forum aimed to discuss and promote green investment principles, strengthen regional financial cooperation, and explore new opportunities for sustainable development.

The discussions underscored the importance of green finance and sustainable investment practices in driving economic growth and development. Participants explored how Chengdu's economic model and innovative approaches could be adapted to the Kyrgyz context to enhance regional financial and investment ties.

The event concluded with a commitment to continue exploring collaborative opportunities and strengthening financial links to support sustainable regional development.

On May 30, 2024, an advisory meeting was held at the office of the Investment Council Secretariat under the Cabinet of Ministers of the Kyrgyz Republic. The meeting included representatives from the National Bank of the Kyrgyz Republic, the Ministry of Foreign Affairs of the Kyrgyz Republic, members of the Investment Council, representatives of the Union of Banks of the Kyrgyz Republic, and the American Chamber of Commerce in the Kyrgyz Republic.

The meeting focused on implementing the points outlined in the 2024 Work Plan of the Investment Council, specifically providing assistance and support for opening direct correspondent accounts in US and European banks, and addressing issues related to blocked accounts of clients in Kyrgyz commercial banks.

Participants emphasized the importance of strengthening financial ties with foreign banks, improving conditions for local businesses, and enhancing the Kyrgyz Republic's investment attractiveness internationally. Specific steps for further action were outlined during the discussion.