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Investment Council under the President of the Kyrgyz Republic

Investment Council under the President of the Kyrgyz Republic. Investment Council under the President of the Kyrgyz Republic. Established in 24 February 2007 to improve investment climate of the Kyrgyz Republic

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Investment Council under the President of the Kyrgyz Republic

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  1. Investment Council under the President of the Kyrgyz Republic

  2. Investment Council under the President of the Kyrgyz Republic • Established in 24 February 2007 to improve investment climate of the Kyrgyz Republic • Investment Council is consultative body, providing recommendations to the President and the Government on business environment and investment climate issues • Joint Initiative of the Government of the Kyrgyz Republic and Early Transition Countries (ETC) Multi-Donor Fund • Eight meetings of the Investment council including one round table meeting on investment climate improvement

  3. Investment Council under the President of the Kyrgyz Republic Chairman of the Council – President of the Kyrgyz Republic Members of the Council: • Prime-Minister • Head of the Administration of the President • Two representatives of Donors’ organization • Two representatives of foreign investors • Two representatives of national investors To ensure democratic principle of the Council we introduced rotation scheme.

  4. Preparation activities Meetings Minutes of IC meeting Monitoring - Forming and discussion of the Agenda, Activity plan, preparation of the materials and monitoring Results of monitoring, brain storming, materials of meeting - Result of the meeting - Implementation of the IC decisions, monitoring Process

  5. Achievements of Investment Council Progress in creation legislation framework: - 18 laws - 5 Presidential Decrees - 21 Government resolutions Focus on legal acts at ministerial level!

  6. Achievements of Investment Council • Inspection (audits): Number of inspection of private entrepreneurs for 9 months of 2008 reduced for 64% versus the same period of 2007; • Land lease: Foreign investors now have the same land lease regime as the domestic • RIA: results of the pilot project on optimizing the regulatory framework – reduction 31% of licensing and 38% of permits

  7. Foreign Direct Investments *According to NSC KR, IMF, ADB, UNCTAD

  8. Dissemination information about activities of Investment Council • Monthly bulletin of the Secretariat • Web-site: www.investmentcouncil.kg • One-year report • Two-year report incl. evaluation

  9. Evaluation wheel

  10. Thank you for your attention! www.investmentcouncil.kg Chuy ave. 219, Bishkek Kyrgyz Republic

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