The National Investment Agency of the Kyrgyz Republic has presented a draft resolution of the Cabinet of Ministers regarding the "Procedure for conducting competitions for investment projects and proposals" for public discussion. This document aims to implement the provisions of Article 29 of the Law "On Investments in the Kyrgyz Republic," adopted on August 12, 2025.
According to the explanatory note, the main goal of the new draft is to approve a modern Procedure for conducting competitions, which will become a fundamental regulatory act for selecting investors and implementing projects initiated by both state and local authorities.
Updating Investment Policy
In accordance with the new Law "On Investments," key concepts and mechanisms regulating investment activities, as well as the rights and guarantees of both national and foreign investors, have been clarified. Mechanisms for protecting investors' interests and the procedure for approving investment proposals and projects have also been defined.
Article 29 of this Law requires that the procedure for conducting competitions for investment projects and proposals be approved by the Cabinet of Ministers. In this regard, the methodology for competitive selection, previously approved by Resolution No. 691 dated December 21, 2023, has been revised. Since the changes affect a significant portion of the text and do not comply with current legal norms, a new version of the resolution has been developed.
Contents of the New Procedure
The draft of the new Procedure will define the organizational foundations for the work of the competition commission, which will be responsible for selecting investment proposals and projects aimed at improving the investment climate in the country.
The document includes the following aspects:
- qualification criteria for investors;
- requirements for the financial stability of applicants;
- structure and content of investment proposals;
- powers of the competition commission;
- stages of submission, approval, and evaluation of projects;
- mechanisms for monitoring and controlling implementation.
The commission will be empowered to create expert groups and involve specialists with the necessary qualifications.
The project initiators are confident that the implementation of the new Procedure will enhance the effectiveness of the selection of investment projects, strengthen control over their implementation, ensure transparency of procedures, and create the necessary conditions for attracting investments.
As emphasized in the document, it will contribute to the realization of priority investment initiatives and sustainable socio-economic development of the Kyrgyz Republic.
