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Investment Climate: Dialogue, Trust, Development

Monday, 16 December 2024 13:57

As part of the seminar on implementing state investment policy and improving the investment climate, a session was held dedicated to the interaction between the government and investors. The session focused on the work of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic and the Regional Investment Councils (RICs) under the plenipotentiary representatives of the President in the regions.

Almazbek Obosbekovich Musabekov, Chief Economic Expert of the Secretariat, presented a brief overview of the Council's activities and key achievements.
“We must offer investors well-prepared projects. It is also necessary to develop an effective mechanism for state support of strategically important projects for the country. At the national level, the National Investment Agency (NIA) works with major investors, while in the regions, we need to support and accompany small and medium-sized business projects,” Musabekov noted.

Bakytbek Talaybekovich Samakov, Chief Legal Expert, discussed the goals and objectives of the Regional Investment Councils (RICs).
“In the Osh and Issyk-Kul regions, new council compositions have been formed, and new regulations have been approved. Starting from 2025, each region will have at least three experts working,” Samakov shared.

The speakers emphasized that transparent dialogue and trust between the state and business are fundamental to sustainable economic growth and are vital tools for attracting direct foreign investments.