PRESS RELEASE

Meeting of the Regional Investment Council in Osh

Osh, Kyrgyz Republic

On April 12, 2024, the inaugural session of the Regional Investment Council under the Plenipotentiary Representative of the President of the Kyrgyz Republic in Osh region was held in the city of Osh. The event brought together representatives from both the public and private sectors to discuss the economic progress of the region.

The main goal of the event was to foster public-private dialogue and explore ways to develop the regional economy. Special attention was given to updates in tax policy and the development of public-private partnerships, which are key to creating favorable conditions for business and attracting investments.

The meeting was greeted by several notable speakers: Uluk Kydyrbaev, Head of the Secretariat of the Investment Council of the Kyrgyz Republic; Ainura Usenbekova, Deputy Minister of Economy and Commerce of the Kyrgyz Republic; Monica Rizal, Deputy Permanent Representative of UNDP in the Kyrgyz Republic; Nurbek Anarbekin, Director of the PPP Center; and Nurlan Musuraliev, Acting Business Ombudsman. The session was moderated by Ilyaz Tashbaev, Deputy Plenipotentiary Representative of the President of the Kyrgyz Republic in the Osh region.

In his address, Ilyaz Tashbaev highlighted the pivotal role of investments: “The role of investments in the economy is of particular importance. A stable economy and transparent business operations are the foundations for the bright future of our country. Today, I can proudly say that the Regional Investment Council under the Authorized Representative of the President of the KR in the Osh region has commenced its operations.”

Uluk Kydyrbaev emphasized the importance of the regional council, " Today’s event promotes the Governmental plans and priorities to ensure sustainable and inclusive dialogue between the government, entrepreneurs and local authorities to jointly determine the regional agenda for development of the business and investments, involve businesses in regulatory policy, co-develop recommendations and engage them in the implementation of the regional development policy".

Monica Rizal noted that the UNDP representation in Kyrgyzstan would continue to support the strengthening of the Regional (Investment) Councils: "On behalf of UNDP, I am pleased to affirm our support for the fortification of the Regional Investment Council in Osh region. We are committed to supporting the establishment of similar councils in other regions of the country."

During the event, participants were presented with presentations on the activities of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic and the Regional Investment Councils; representatives of the PPP Center discussed the procedure and mechanism for implementing PPP projects, reforms of the PPP Center, and the Draft Law “On Further Improvement of Legislation in the Sphere of Public-Private Partnership.” Participants also learned about the role of investments in youth entrepreneurship, exemplified by Osh State University, with special attention given to new opportunities for electronic interaction with the State Tax Service (reporting, tax payments, etc.) and specifics of taxation for agricultural producers.

Additionally, the PPP Center awarded letters of appreciation to representatives of government bodies and private organizations for their contributions to the development of public-private partnership in the Osh region.

Towards the end of the session, participants had the opportunity to ask questions directly to government officials and receive firsthand answers.

The organizers of the event included:

The Office of the Plenipotentiary Representative of the President of the Kyrgyz Republic in Osh region, the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, the Public-Private Partnership Center under the National Agency for Investment under the President of the Kyrgyz Republic, the State Tax Service under the Ministry of Finance of the Kyrgyz Republic, supported by UNDP in Kyrgyzstan.