The Cabinet will approve new financial guarantees for investors in special zones

Елена Краснова Economy
VK X OK WhatsApp Telegram
The government of Kyrgyzstan has presented a draft resolution for public discussion, which includes new financial obligations for key sectors of the economy and social sphere, as well as regulates the process of their provision in regions with special conditions for investment.

This document is based on Article 63 of the Budget Code and the laws "On Investments," "On the Status of Batken Region," and "On the Cabinet of Ministers." The main goal is to create an updated mechanism for supporting investment projects that are implemented in special regimes, particularly in those regions where the government seeks to stimulate economic growth, infrastructure renewal, and the creation of new jobs.

The presented financial obligations are intended to replace the existing resolution from 2022, which has now officially lost its validity.

The amendments clarify what obligations government bodies can undertake within the framework of investment agreements: these include financial guarantees, compensation mechanisms, and obligations related to the development of social infrastructure, access to communications, and support for sectors that are of priority importance for the region.

Additionally, the resolution outlines a detailed procedure for providing such obligations: rules for submitting applications, project evaluation, agreement on conditions, and monitoring compliance with guarantees. The document also emphasizes that this mechanism is aimed at increasing investor confidence and ensuring the stability of long-term projects, especially in socially significant and economically sensitive regions.
VK X OK WhatsApp Telegram

Read also: