The Prime Minister of Kyrgyzstan, Akylbek Japarov, recently presided over a meeting of the Investment Council, as announced by the government's press service. Participants from various state bodies, development funds, state banks, business associations, and international organizations were in attendance.
The Kyrgyz-Uzbek Development Fund reported the successful implementation of 17 major projects from 2022 to 2023, leading to the creation of over 2,500 jobs. Plans are in place to increase the number of projects in 2024. Additionally, the Kyrgyz-Russian Development Fund is set to execute 32 investment projects during the same year.
The Kyrgyz-Hungarian Development Fund is ramping up its efforts, particularly in the energy sector. Noteworthy contributions and future plans were outlined by "Aiy Bank," "RSK Bank," and the State Development Bank during the meeting.
Prime Minister Akylbek Japarov called on development funds and state banks to actively support projects that promote economic growth in Kyrgyzstan. He stressed the significance of attracting new investments and implementing enhanced standards to collectively address sector-specific challenges.
Japarov emphasized the potential for resolving industry-specific issues through coordinated actions, citing the example of reducing poultry meat imports through targeted project financing. Collaboration was underscored as crucial for advancing sectors and fostering economic development in Kyrgyzstan.
