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

Анна Федорова Economy
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The Cabinet of Ministers of the Kyrgyz Republic has presented a draft of a new resolution for public discussion. This document includes a list of financial obligations related to priority sectors of the economy and social sphere, as well as regulates the procedure for their provision for territories with special investment conditions.

The basis for this document consists of Article 63 of the Budget Code and the laws on "Investments," "Status of Batken Region," and "Cabinet of Ministers." It aims to create an updated mechanism for state support of investment projects carried out under special regimes, particularly in regions where the government seeks to accelerate economic development, modernize infrastructure, and create new jobs.

This initiative will replace the previous resolution adopted in 2022, which has now officially lost its force.

The amendments clarify what specific obligations state bodies can undertake in the framework of supporting investment agreements. These include financial guarantees, compensation mechanisms, and obligations related to the development of social infrastructure, access to communications, and support for priority sectors in the region.

The document also establishes provisions that detail the process for providing these obligations. It includes procedures for submitting applications, project evaluation, agreement on terms, and monitoring compliance with guarantees. It is specifically noted that this mechanism is aimed at increasing investor confidence and supporting the sustainability of long-term projects, especially in socially significant and economically sensitive regions.
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