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.