First meeting of the Advisory Board on SME Support and Development

On January 12, 2016 at OJSC “Guarantee Fund” office the first meeting of the Advisory Board on SME Support and Development took place. The main goal of the Advisory Board (hereinafter – the Board) is providing targeted and system support for SMEs including women’s entrepreneurship, as well as export-oriented and import-substituting enterprises at all development stages.

The Board consists of representatives of state bodies and business communities. The Board is intended to choose number of potential enterprises, operating in the priority economic sectors, assist in their development and provide access to financing.

On the agenda, the Board approved the priority directions and criteria for selection of enterprises, as well as methodology for evaluation of enterprises considering proposes and recommendations.

Members of the Board expressed their opinions on the relevance of SME support. This initiative is fully approved by business community representatives.

The Board members also decided to consider miscellaneous financial support instruments for SMEs and assist in their implementation. For reference: Management of OJSC “Guarantee Fund” has created the Advisory Board on SME Support and Development.

The Advisory Board on SME Support and Development (hereinafter – the Board) is a standing consulting and advisory body founded for formulation of suggestions and recommendations to support SMEs as well as to support development of export-oriented productions and enterprises in the priority economic sectors including women entrepreneurs.

The Board consists of Deputy Minister of Economic Affairs of the Kyrgyz Republic D. Imanaliev, Deputy Chairman of the State Service for Financial Market Regulation and Supervision under the Government of the Kyrgyz Republic M. Pirnazarov, Representatives of Government Apparatus of the Kyrgyz Republic and State Agency on promotion of investment and export of the Kyrgyz Republic,  the Vice-President of the Chamber of Commerce and Industry of the Kyrgyz Republic and representatives of business communities.