In the Jogorku Kenesh, mechanisms of venture financing and participation of foreign investors were discussed

Сергей Гармаш Economy
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- At the meeting of the Committee on Constitutional Legislation, State Structure, Local Self-Government, and the Regulations of the Jogorku Kenesh, parliamentarians reviewed the draft law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic on Venture Financing" in the first reading.

Deputy Gulnara Akimbaeva emphasized the importance of the mechanisms of limited partnerships and highlighted that proper regulation of these mechanisms is crucial for forming a healthy investment environment.

In turn, Deputy Venera Salyamova raised questions regarding both the advantages and risks associated with venture financing, as well as clarified how foreign investors can actively participate in projects within Kyrgyzstan.

The Deputy Director of the National Investment Agency under the President of the Kyrgyz Republic, Zhalyn Zheenaliev, noted that the participation of foreign investors in venture financing requires them to undergo local accreditation. He added that one of the main conditions is that investors must have at least 10 years of experience in this field.

The draft law aims to legally establish the concepts of venture financing, venture investors, funds, and managers, as well as to create conditions that facilitate the attraction of investments in startups and innovative initiatives. It is expected that this document will positively impact the investment climate of the country and serve as an incentive for the development of technological entrepreneurship.
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