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  • GUARANTEES IN CITIES – GROWTH POINTS

    Results of 2018.

              As it is known, the Concept of Regional Policy of the Kyrgyz Republic for the period 2018-2022, adopted by the Government of the Kyrgyz Republic No. 194 of March 31, 2017, is being implemented in Kyrgyzstan.

              In the framework of this Concept, 20 pilot cities were selected as the growth points which should become economic centers – growth points in order to increase business activity of the population, develop regions, create conditions for the provision of quality public services.

             Today OJSC Guarantee Fund is actively working in all regions of Kyrgyzstan, including in the cities-growth points, providing guarantee support for entrepreneurs, helping them in implementing business projects, and contributing to the socio-economic development of local territories.

             According to the data for 2018, 201 guarantees for the total amount of KGS 301 million were issued to entrepreneurs of the growth points. Under these guarantees, they received loans in banks in the amount of KGS 1.17 billion. In general, if we take data starting from 2016, over the past years, 285 guarantees were issued at the indicated growth points in the amount of KGS 455 million. The volume of the obtained bank loans amounted to KGS 1.87 billion.

             The situation was the best in the capital. Here 103(161) guarantees were issued, in Osh – 20 (26), Jalal-Abad – 16 (17), Kara-Suu – 10 (13), Karakol – 12 (17).

             Among other active cities are Balykchi, Kochkor, Naryn, Talas, Batken, Kerben and Kara-Balta.

    In 2019 – the Year of Regional Development and Digitalization of the Country – the activities of regional representatives will also be focused on expanding the guarantee support for entrepreneurs in the growth points.