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PRESIDENTIAL DECREE OF THE KYRGYZ REPUBLIC

of March 10, 2022 unitary enterprise No. 75

About measures for enhancement of management system in the sphere of investments and increases in investment potential of the Kyrgyz Republic

Investment attraction, including foreign investments, in economy of the republic is one of the priority directions of economic policy of the Kyrgyz Republic and mutually beneficial economic cooperation with foreign countries.

For the purpose of increase in investment potential of the republic, investment attraction to priority spheres and industries of economy, ensuring mutually coherence of process of investment with production of competitive export-oriented products, being guided by Articles 66, 71 Constitutions of the Kyrgyz Republic, I decide:

1. Consider the most important directions of enhancement of management system in the sphere of investment attraction:

- creation of the favorable investment climate and incentives for domestic and foreign entrepreneurs to investment into priority spheres, industries and regions of the Kyrgyz Republic for the purpose of production of competitive export-oriented products, and also unconditional accomplishment by each state body, local public administrations and local government bodies of task on assistance to active investment attraction;

- creation of the management system centralized investments promoting increase in efficiency of use of financial resources of the state, loan resources and means of technical assistance (grants) of the international financial institutions and foreign government financial organizations for the solution of priority tasks of social and economic development of the country;

- improvement of the international image of the Kyrgyz Republic, broad attraction of foreign investments, including straight lines, for ensuring dynamic development of industries of economy and regions of the country, transfer of advanced technologies, consecutive enhancement of the investment climate;

- ensuring effective interaction of state bodies, local public administrations, local government bodies and subjects of entrepreneurship with foreign investors, trading partners, the foreign government and international organizations, proceeding from economic interests of the republic;

- implementation of optimum customs and tariff policy for the purpose of ensuring sustained economic growth, rendering full support to exporters, consecutive development of trade infrastructure, system of electronic commerce, enhancement of the legislation in this sphere;

- creating favorable conditions for access of domestic goods and services to foreign markets, forming of effective transport corridors, development of the modern logistic centers for the purpose of diversification of geography of deliveries;

- ensuring widespread introduction of modern quality management systems of products and compliance of domestic goods to requirements of international standards and technical regulations for increase in their competitiveness in the foreign markets, implementation of the advanced information and communication technologies providing strong growth of trade and activization of investment policy;

- implementation of protection of the rights and legitimate interests of subjects of business activity, including the foreign investors acting in the territory of the Kyrgyz Republic;

- ensuring development and program implementation of support and development of entrepreneurship in priority industries of economy, carrying out infrastructure and institutional transformations, creation of favorable legal, economical and organizational conditions.

2. Form National investments agency in case of the President of the Kyrgyz Republic (further - the National agency) based on public institution "Agency on investments and development of the Kyrgyz Republic of KADI.

3. Determine that the National agency is the authorized state body responsible for development and realization of single state investment policy, coordination of attraction of foreign investments, cooperation with the international financial institutions and the foreign government financial organizations, and also forming and coordination of single state policy in the sphere of attraction to the Kyrgyz Republic of means of external non-paid assistance (grants, technical assistance, target free aid).

4. Appoint the director of the National agency on investments in case of the President of the Kyrgyz Republic of Sabirov Ravshanbek Azatovich.

5. To the director of the National agency in two weeks to prepare and bring in accordance with the established procedure:

- project of the Regulations on the National agency;

- the projects of structure, the number of staff and payment terms of work of government employees of the National agency approved with the Ministry of Finance of the Kyrgyz Republic;

- together with Administration of the President of the Kyrgyz Republic of the offer on entering of corresponding changes into the Register of the state and municipal positions of the Kyrgyz Republic approved by the Presidential decree of the Kyrgyz Republic of January 31, 2017 No. 17.

6. To National Statistical Committee of the Kyrgyz Republic to include the National agency in the list of bodies of receivers of information materials of National Statistical Committee of the Kyrgyz Republic.

7. To the Cabinet of Ministers of the Kyrgyz Republic in accordance with the established procedure:

- in a month to resolve the organizational, financial and other matters of the National agency following from this Decree;

- in two-month time to bring the decisions into accord with this Decree.

8. To Administration of the President of the Kyrgyz Republic in a month in accordance with the established procedure to resolve the organizational, material and other matters of ensuring activities of the National agency following from this Decree.

9. To impose control of execution of this Decree on management on control of execution of decisions of the President and the Presidential Administration Cabinet of Ministers of the Kyrgyz Republic.

10. This Decree becomes effective from the date of official publication.

President of the Kyrgyz Republic

S. Zhaparov

 

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