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Investment Council Shifts to a New Operational Framework

Investment Council Shifts to a New Operational Framework

During the recent session, Akylbek Usenbekovich Japarov, the Chairman of the Investment Council and the Prime Minister of the Kyrgyz Republic, emphasized that in 2024, the Investment Council should shift to a new working basis. Meetings should not only address issues related to legal acts but also encompass significant investment projects, subject to review and approval during sessions. In the first 100 days of 2024, the government will undertake initiatives aimed at attracting investments.
Members of the Investment Council were encouraged to actively participate in the preparation and execution of upcoming international investment events scheduled for the spring and summer of 2024.
Additionally, Akylbek Japarov highlighted the government's efforts to repeal laws that impede investment attraction into the country. In this regard, the Chairman of the Investment Council instructed Council members (business association leaders) to submit proposals to the Council's Secretariat by February 1, 2024, suggesting the annulment of legislative norms hindering investment attraction and protection.
Furthermore, the concept of the draft law of the Kyrgyz Republic "On Investments in the Kyrgyz Republic," prepared by the National Agency for Investments under the President of the Kyrgyz Republic, was approved.
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Annual Meeting

Annual Meeting

On December 25, a concluding meeting unfolded, featuring representatives from government entities and business associations.
The event acknowledged the contribution of the previous team of the Secretariat of the Investment Council, headed by Talaibek Jumashovich Koichumanov. He was presented with a special certificate signed by the Vice Chairman of the Investment Council, the Secretary of the Investment Council, and the Head of the EBRD in Central Asia.
Appreciation letters were also awarded to active members of the Council for their active participation in the public-private dialogue aimed at improving the business environment and investment climate.
"Emphasizing the sustainability, stability, and effectiveness of the Investment Council as a unique platform for high-level public-private dialogue, which has been successfully functioning for over 16 years. This is confirmed by our achievements and significant decisions made during joint discussions. A crucial aspect has been the strengthening of mutual trust and understanding between government bodies and the business community. The Secretariat has fostered an atmosphere conducive to achieving mutually acceptable outcomes," noted the head of the Secretariat, Uluk Kadyrbaev.
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Investment Council Meeting

Investment Council Meeting

On December 19, 2023, under the chairmanship of the Prime Minister of the Kyrgyz Republic and Chairman of the Investment Council, Mr. Akylbek Japarov, another meeting of the Investment Council took place at the Administration of the President of the Kyrgyz Republic. Representatives of business associations, government bodies, international organizations, development funds, state banks, and the Secretariat of the Investment Council attended the meeting.

 

The Investment Council under the Cabinet of Ministers of the Kyrgyz Republic serves as a pivotal platform for public-private dialogue on improving the business environment, enhancing the investment climate, and promoting the development of public-private partnerships. It also focuses on safeguarding the rights of investors and entrepreneurs to achieve.

 

The agenda of the meeting included several critical issues:

Amendments to the Law of the Kyrgyz Republic "On Restricting the Circulation of Packages Made of Polymer Film and Plastic Products on the Territory of the Kyrgyz Republic."

Presentation of the new version of the Law of the Kyrgyz Republic "On Investments in the Kyrgyz Republic."

Results and plans for developing public-private partnerships PPP in the Kyrgyz Republic.

In addition, the results and further work plans of the Investment Council for 2024 were discussed.

At the conclusion of the meeting, relevant protocol assignments were issued.

* The project is supported by the European Bank for Reconstruction and Development (EBRD)

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Meeting with the Deputy Director of the National Agency for Investments

Meeting with the Deputy Director of the National Agency for Investments

The team of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic had a meeting with the Deputy Director of the National Agency for Investments under the President of the Kyrgyz Republic, Ms. Jibek Abdullaeva. During this meeting, the parties discussed the operational collaboration between the Investment Council Secretariat and the National Agency for Investments to advance initiatives related to improving the investment climate in the Kyrgyz Republic. Additionally, the Investment Council Secretariat presented the key focus areas of its activities and shared plans for the mid-term perspective.
 
Both parties expressed interest in providing support and necessary assistance in organizing a dialogue platform with business associations to foster effective and productive efforts aimed at enhancing the entrepreneurial environment.
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