The consultations involved representatives from international organizations, the diplomatic corps, and financial institutions, highlighting the importance of international support for the development of the legal infrastructure and investment climate in the country.
The main focus of the meeting was on the establishment of the IDRC within the framework of the Special Financial and Investment Territory "Tamchy," which will operate under the principles of English law and align with international standards in the field of commercial dispute resolution.
Participants of the meeting presented the following international organizations and institutions:
- European Bank for Reconstruction and Development (EBRD);
- Asian Development Bank (ADB);
- World Bank;
- International Business Council (IBC);
- Representatives of the European Union, the U.S. Embassy, and other foreign embassies.
During the discussions, it was emphasized that the creation of a modern legal mechanism contributes to improving the investment climate, increasing trust among both local and foreign investors, and implementing reliable tools for resolving commercial disputes based on international standards.
Representatives of international financial institutions noted that the opening of the IDRC based on the SFIT "Tamchy" will be an important step towards improving the legal environment in Kyrgyzstan, which in turn will enhance the predictability of judicial and arbitration practices and provide additional guarantees for participants in investment and commercial projects. The presence of an independent dispute resolution mechanism is a key factor for attracting investments and developing the private sector.
As a result of the meeting, the parties expressed their readiness for further cooperation with international partners and financial institutions to implement the discussed initiatives.
