Kyrgyzstan Will Create The State Guarantee Fund

On behalf of the Deputy Prime Minister Oleg Pankratov on the basis of the results of the meeting a draft decree on the creation of OJSC “Guarantee Fund” will be included into the apparatus of the government in the coming days.

“Creation of the State Guarantee Fund – one of the priorities of the government at the moment. The main goal of creating Guarantee Fund is to contribute to small and medium-sized enterprises by providing guarantees under loan agreements and leasing agreements. Creation of such a Fund will give an opportunity for many entrepreneurs to obtain loans in banks of the country to develop their business”, – said Pankratov.

It is noted that at the first working meeting of the new government, Prime Minister Sooronbai Zheenbekov instructed to expedite the work on the creation of the State Guarantee Fund.