Regional Investment Council Launched in Issyk-Kul Region

Monday, 19 August 2024 10:19

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.