The Head of the Secretariat of the Investment Council under the Cabinet of Ministers, Uluk Kydyrbaev, participated in the Kun Maek program on ElTR TV channel, where he discussed the importance of interaction and dialogue between government agencies and the business community in the Kyrgyz Republic.

Key Discussion Points:

PPD – Open communication between the government and businesses as the foundation for economic growth.
Taxation – Ensuring a balance between fiscal policy and investment attractiveness.
Risk Assessment – Developing effective strategies for managing uncertainty.
International Standards – Compliance with global norms as a tool for enhancing trust and competitiveness.
Education and Knowledge Sharing – The importance of continuous learning for business adaptation to changes.
Collaboration – The necessity of uniting efforts between businesses, government structures, and consultants for sustainable development.

Public-Private Dialogue (PPD) is a key tool for developing balanced solutions that reflect the interests of both businesses and government entities. Strengthening GPD fosters a transparent and predictable business environment, accelerates reforms, and builds trust between entrepreneurs and government institutions.

A dialogue between government agencies and businesses, based on mutual trust and partnership, plays a crucial role in shaping effective economic policies and attracting investments.

The video (in Kyrgyz) is available here

The Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, as part of its functions outlined in the Regulation on the Investment Council, is holding a strategic session focused on developing new mechanisms for implementing investment policy and improving business processes for attracting investments. The event brings together representatives from the National Investment Agency (NIA) under the President of the Kyrgyz Republic, the PPP Center, and the offices of the Presidential Plenipotentiary Representatives in the regions.

The session addresses key challenges in the investment environment, particularly obstacles investors face when working with government agencies. Discussions focus on simplifying business processes, digitizing investment activities, and developing a unified investment business funnel to ensure comprehensive project support from initial inquiries to full implementation.

The program includes analytical and discussion sessions aimed at improving investment regulations and optimizing investment attraction mechanisms. Participants are working on enhancing transparency in investment processes, introducing a "one-stop-shop" mechanism for investors, and developing digital platforms to provide up-to-date investment insights.

Further discussions cover optimizing project approval procedures, strengthening investor support systems, and leveraging effective investment marketing tools. International best practices are also being reviewed to identify strategies for fostering a more attractive investment climate in the Kyrgyz Republic.

The session will conclude with the development of practical recommendations for further improving the country’s investment policy, ensuring a more transparent and investor-friendly business environment.

The session is supported by the UNDP in the Kyrgyz Republic.

Bishkek, February 22, 2025 – Chairman of the Cabinet of Ministers of the Kyrgyz Republic and Head of the Presidential Administration Adylbek Kasymaliyev held an offsite meeting of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic as part of a business breakfast organized by the International Business Council.

The event was attended by representatives of more than 60 business associations, enterprises, and entrepreneurs who are members of the Investment Council, as well as representatives of the Ministry of Economy and Commerce of the Kyrgyz Republic. The meeting focused on key issues related to investment policy development, improving the business climate, supporting entrepreneurship, and reducing administrative barriers.

Adylbek Kasymaliyev emphasized the necessity of regular open dialogue between the state and the business sector to synchronize government actions and decisions in implementing policies for attracting investments, improving the business environment, and supporting entrepreneurship.

A number of business associations raised issues related to private property protection, support programs for small and medium-sized enterprises, improvement of the regulatory impact assessment mechanism, and compliance with legal act development procedures.

Particular attention was paid to digitalization of the economy, including the development of telecom infrastructure and the adoption of the Digital Code. Other key topics included facilitating access to financing for regional businesses, creating conditions for startups, supporting venture capital, and reducing the regulatory burden on entrepreneurs, including a moratorium on inspections.

During the meeting, entrepreneurs presented their recommendations for the development of key economic sectors, highlighting the need for a systematic approach from government agencies through enhanced public-private dialogue.

Decisions were made on all issues discussed. All recommendations presented will be included in the protocol of the offsite meeting, containing corresponding instructions for government agencies and departments.

The issues raised during the meeting will be incorporated into the work plans of the Investment Council and, if necessary, included in the agenda of subsequent Investment Council meetings.

The Secretariat of the Investment Council expresses its gratitude to the International Business Council for the prompt organization of the business breakfast and for providing the platform for the offsite meeting.

On February 22–23, 2025, a strategic session is taking place, dedicated to developing new mechanisms for implementing the investment policy of the Kyrgyz Republic. The event is organized by the National Investment Agency (NIA) under the President of the Kyrgyz Republic in collaboration with 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) in the Kyrgyz Republic.

The goal of the strategic session is to develop effective mechanisms for implementing investment policy aimed at attracting investments to the regions, supporting small and medium-sized projects, including those initiated by youth and women, and strengthening coordination between government agencies and the private sector.

The session focuses on analyzing current investment policy tools, developing proposals to enhance the effectiveness of the NIA, defining the role of Regional Investment Councils (RICs) and urban RICs within the new architecture of investment policy, and formulating strategic recommendations for introducing new approaches and investment support programs at the municipal level.

The event program includes presentations on the current state and challenges of investment policy, discussion and working sessions to analyze existing instruments and develop proposals, summarizing outcomes, formulating strategic decisions, and drafting a roadmap for investment policy implementation.

The session is moderated by strategic planning expert Azamat Dikambaev.

Following the event, an analytical report will be prepared with recommendations for improving investment policy and enhancing the investment climate in the Kyrgyz Republic.