Projects for Regional Development.

On August 21, under the leadership of the Vice Prime Minister of the Kyrgyz Republic, Zamirbek Askarov, a meeting of the competition committee for the selection of investment business projects, infrastructure projects, and development programs was held.

The meeting was also attended by the Chairman of the Management Board of “Guarantee Fund”, Malik Abakirov.

“The specific conditions of each region should be taken into account, when preparing projects in order to finance the development of regions”, Vice Prime Minister, Zamirbek Askarov, said at a meeting. “The selection criteria or the projects should be: access to finance of hard-to-reach areas of the regions, use of local raw materials and labor resources, as well as export orientation, and innovative character.”

Vice Prime Minister charged OJSC “Guarantee Fund” “Russian-Kyrgyz Development Fund”, “RSK Bank”, and “Ayil Bank” to send their specialists to the regions to provide consulting assistance in the preparation of projects.

During the period from August 22 to 23, the Chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, and the head of Regional Development Department, Kamchybek Alaliev, were in Naryn, where a number of meetings related to the projects of local entrepreneurs were held, and where they examined the needs of entrepreneurs for consulting and financial assistance.

First, meetings and discussions were held with the governor of Naryn region, Amanbai Kaiypov, and the First Deputy Governor, Kassn Asizov, where issues of support for entrepreneurs were discussed in the framework of 2 billion KGS allocated by the Government of the Kyrgyz Republic. Then, Malik Abakirov and Kamchybek Aaliev participated in the meeting organized by the Mayor’s office of the regional city. Mayor, Semetey Cherikbaev and Vice Mayor, David Kurmanov, as well as more than 20 local entrepreneurs attended the meeting.

There was an exchange of opinions, during which Mr. Abakirov informed the audience that Guarantee Fund will assist entrepreneurs of Naryn Region in preparing projects and developing business plans for participation in the competitive selection.

After that, there was a visit to a number of enterprises in need of support. Among them are: a wool processing enterprise, located on “Kara Buk” site in the village of Emgekchil, Naryn; production of reinforced concrete products that cannot resolve the issue of a land plot in Naryn, and the launch of production; a tourist facility – construction of a recreational complex in “Salkyn Tor” area, which is being run by a private entrepreneur, and construction of a tourist complex with a hotel in the village of Kochkor.

There was a detailed discussion about possible ways to support and further develop above mentioned enterpises between Malik Abakirov, Kamchybek Aaliev, Kamchybek Chukuev,the regional representative of OJSC “Guarantee Fund” and entrepreneurs.

Since August 29, Malik Abakirov has been in Batken region, where he as well has held meetings with local entrepreneurs.