Guarantee support for entrepreneurs of cities – growth points

The Concept of the 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.

As it is known, within the framework of the Concept, 20 pilot cities were selected as growth points, since the uneven distribution of the main production facilities is currently maintained: more than 70% of GDP is traditionally formed due to the gross regional product of the city of Bishkek, Chui, Jalal-Abad and Issyk-Kul regions.

The concept defines new approaches to the development of regions: the formation of economic centers at the growth points to increase the economic activity of the population, the introduction and development of regional specialization, the formation of clusters, the creation of necessary conditions in the regions for the provision of quality public services, the formation of individual approaches to the development of each region.

            Today OJSC “Guarantee Fund” actively works in the regions of the republic, including in the cities – growth points, providing guarantee support to entrepreneurs, helping them in implementing business projects, contributing to the socio-economic development of local territories.

Information on guarantees issued in cities-growth points as at 30.09.2018

Name of the city Number of guarantees, units Amount of guarantees, KGS million Amount of loans, KGS million
Bishkek 130 227,5 968,4
Osh 25 41,0 200,3
Jalal-Abad 16 8,1 22,8
Kara-Suu 12 6,2 19,7
Karakol 10 18,8 41,3
Balykchy 7 3,7 10,8
Kochkor 6 2,8 7,0
Naryn 4 2,2 5,2
Batken 3 0,8 2,2
Kadamzhai 3 1,7 5,1
Talas 7 4,7 11,9
Kerben 3 1,7 4,3
Kara-Balta 3 2,6 7,0
Uzgen 2 1,7 4,9
Tokmok 2 1,3 3,2
Isfana 1 0,2 1,0
Kochkor-Ata 1 3,4 7,0
Tash-Kumyr 1 1,5 3,0
Kara – Kul
Total: 236 330,1 1 325,0

Reference: The list of 20 growth points includes cities – Bishkek, Tokmok, Kara-Balta, Karakol, Balykchy, Naryn, Kochkor, Talas, Osh, Uzgen, Kara-Suu, Sary-Tash, Batken, Isfana, Kadamzhai, Jalal-Abad, Tash Kumyr, Kerben and Kochkor-Ata. Primary production facilities should be located around these growth points. At the same time, industrial and processing industries should be mainly focused on the use of local raw materials and products of local agricultural producers (according to the Ministry of Economy of the Kyrgyz Republic).