DEVELOPMENT PROGRAMS OF OJSC “GF”
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Meeting in the Government of the Kyrgyz Republic.
On July 1, 2019, the Prime Minister of the Kyrgyz Republic, Muhammedkaliy Abylgaziev, held a meeting to discuss mechanisms for financing regional development projects. The meeting addressed issues that are of priority importance in the framework of the implementation of the Decree of the President of the Kyrgyz Republic on declaring 2019 the Year of Regional Development and Digitalization.
“We need to turn our attention to the development of the regions as a whole, and a mechanism for financing regional development projects in the amount of 2 billion KGS should be introduced. At present, a competition commission is being set up under the government to select priority investment business projects, infrastructure projects and development programs,” said Muhammedkaliy Abylgaziev.
Guarantee Fund today puts more emphasis on supporting regional enterprises, implements a number of development programs. In cooperation with partner banks, a number of serious projects were funded, including the processing of beans in Talas, the construction of dairy plants in Osh, Issyk-Kul and Jalal-Abad, the production of wooden boxes in Alamudun district, the construction of a hotel in At-Bashy district, the purchase of breeding cattle in Ak-Suu district, construction of a greenhouse in the city of Jalal-Abad, production of building materials in Osh and Batken regions, production of rubber shoes in Bishkek, production of tractors in Issyk-Ata region, etc.
OJSC “GF” is currently implementing the program “One region – one enterprise”, the purpose of which is to assist entrepreneurs in creating new enterprises and / or new directions in existing enterprises in each region. 38 innovative and export-oriented projects are under implementation.
Another program of OJSC “GF” involves cooperation in the management of regional enterprises, in particular in financial management, developing an enterprise development strategy, including a business strategy, in attracting investments and working with investors, donors, banking institutions.
The most important area of activity of OJSC “GF” is active work to improve the financial literacy of entrepreneurs in the regions. For the 5 months of 2019, a total of 56 seminars were held by the regional representatives of OJSC “GF” for entrepreneurs and employees of affiliates of partner banks.
Since the beginning of the year, the Consulting Services Department of the GF has conducted more than 20 consultations for SMEs, and 7 business plans have been developed.