Meeting of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic

Wednesday, 03 July 2024 12:42

On July 3, 2024, the Investment Council held its regular meeting under the chairmanship of the Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Akylbek Japarov. The meeting was moderated by the Secretary of the Investment Council, Uluk Kydyrbaev.

In his opening remarks, the Head of the Cabinet of Ministers informed the Council members about the preparations for launching two key strategic projects: the construction of the Kambarata HPP-1 and the China-Kyrgyzstan-Uzbekistan railway. The Secretary of the Investment Council presented a brief overview of the Secretariat's activities for the second quarter.

Representatives of the government, the business community, and international organizations attended the meeting. The main focus was on discussing key issues related to improving the investment climate, increasing export potential, and developing public-private partnerships in the country.

Key Topics of the Meeting:

  • Results of Participation in the International Investment Energy Forum in Vienna: The Minister of Energy of the Kyrgyz Republic, Taalaibek Ibraev, presented a report on the outcomes of the Kyrgyz delegation's trip to the forum.
  • Increasing Export Potential: The Director of the Center for Export Development and Promotion "Kyrgyz Export," Urmat Takirov, presented the concept of the National Export Program for 2024-2027.
  • Attracting Investments: The Deputy Director of the National Investment Agency under the President of the Kyrgyz Republic, Zhalyn Zheenaliev, presented the agency's report for 2023. The Deputy Minister of Foreign Affairs of the Kyrgyz Republic, Avazbek Atakhanov, presented a report on the ministry's work in attracting investments.
  • Activities of the PPP Center: The Deputy Director of the PPP Center under the NIA of the Kyrgyz Republic, Ulan Danilbekov, presented the Center's results for the first five months of 2024.

Some participants also presented proposals. For instance, Rustam Baltaev, the Executive Director of the Agricultural Development Association, raised issues regarding the subsidization of international certifications and transportation costs, cross-border factoring, and access to finance.

At the end of the meeting, the Head of the Cabinet of Ministers issued relevant directives aimed at implementing the discussed initiatives. The meeting reaffirmed the importance of constructive dialogue between the government and the business community to ensure sustainable economic growth and development in the Kyrgyz Republic.