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RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of May 16, 2022 No. 253

About Investment council under the Cabinet of Ministers of the Kyrgyz Republic

For the purpose of providing favorable conditions for business development, improvement of the investment climate, mechanisms of protection and support of activities of subjects of entrepreneurship, and also coordination of activities of concerned parties for development of public-private partnership, according to Articles 13, "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides 16 and 17 constitutional Laws of the Kyrgyz Republic:

1. Form Investment council under the Cabinet of Ministers of the Kyrgyz Republic based on Council for business development and investments under the Government of the Kyrgyz Republic and Council for public-private partnership in the Kyrgyz Republic.

2. Approve Regulations on Investment council under the Cabinet of Ministers of the Kyrgyz Republic according to appendix.

3. Recognize invalid:

1) the order of the Government of the Kyrgyz Republic "About Council for business development and investments under the Government of the Kyrgyz Republic" of August 5, 2010 No. 149;

2) the order of the Government of the Kyrgyz Republic "About modification of the order of the Government of the Kyrgyz Republic "About Council for business development and investments under the Government of the Kyrgyz Republic" of August 5, 2010 No. 149" of February 9, 2011 No. 36;

3) the order of the Government of the Kyrgyz Republic "About modification and amendments in some decisions of the Government of the Kyrgyz Republic" of May 17, 2016 No. 261;

4) the order of the Government of the Kyrgyz Republic "About formation of Council for public-private partnership in the Kyrgyz Republic" of June 16, 2016 No. 328.

4. This resolution becomes effective from the date of official publication.

Chairman of the Cabinet of Ministers of the Kyrgyz Republic

A. Zhaparov

Appendix

to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of May 16, 2022 No. 253

Regulations on Investment council under the Cabinet of Ministers of the Kyrgyz Republic

1. General provisions

1. The investment council under the Cabinet of Ministers of the Kyrgyz Republic (further - Council) is the permanent advisory advisory body providing effective dialogue between the state and business community on improvement of business environment and investment climate, and also on development of public-private partnership (further - PPP), protection of the rights of investors and subjects of entrepreneurship for achievement of the accelerated social and economic development of the country.

2. The basic principles of activities of Council are:

- openness and impartiality;

- accounting of opinion of business community by preparation and decision making;

- justification of the prepared decisions;

- equality of members of council;

- focus on resulting effect.

3. Council in the activities is guided by the Constitution of the Kyrgyz Republic, the laws of the Kyrgyz Republic, decisions of the President of the Kyrgyz Republic, other regulatory legal acts of the Kyrgyz Republic, and also this Provision.

2. Purpose and tasks of Council

4. The purpose of Council is creation of steady dialogue and interaction of public authorities with business community concerning improvement of business environment and the investment climate, development of the mechanism of public-private partnership and enhancement of mechanisms of legal protection of subjects of entrepreneurship.

5. Tasks of Council are:

1) ensuring systematic effective dialogue between the state and business community on improvement of business environment and investment climate;

2) development of recommendations and offers to state bodies and local government bodies concerning improvement of business environment, the investment climate, realization of policy and use of mechanisms of PPP;

3) assistance to forming of the single approved state policy in the sphere of entrepreneurship, investments and PPP;

4) carrying out regular monitoring, analysis and assessment of implementation of recommendations of Council.

3. Powers of Council

6. Powers of Council:

1) to develop offers for improvement of business environment, increase in investment appeal of the country and promotion of business within PPP;

2) to carry out expertize of regulatory legal acts in the sphere of entrepreneurship, investments and PPP, and also to prepare recommendations about their enhancement;

3) to make recommendations in the Cabinet of Ministers of the Kyrgyz Republic concerning improvement of the business environment, increase in investment appeal and development of PPP in the Kyrgyz Republic;

4) at the initiative of heads of state bodies, local government bodies and others to hear the relevant information concerning the questions entering competence of Council at the meetings;

5) to make the corresponding recommendations to state bodies and local government bodies on the questions entering competence of Council and to carry out monitoring of the course of their realization;

6) to involve specialists of state bodies, local government bodies, other organizations and experts, including international, to implementation of expert evaluations of the course of implementation of actions in the considered directions;

7) to perform monitoring of activities of state bodies of the executive authority and local government bodies concerning projects implementation of PPP;

8) to request in accordance with the established procedure required materials from state bodies of the executive authority, local government bodies, subjects of entrepreneurship, the non-profit and research organizations;

9) to approve monitoring system of assessment of implementation of the made decisions of Council;

10) to install system of assessment of activities of staff of the Secretariat of Council with use of key performance indicators and effectiveness;

11) other powers necessary for creating favorable conditions for business, investment attraction, support and development of subjects of entrepreneurship and effective development of PPP in the Kyrgyz Republic.

4. Chairman and members of council

7. The chairman of the board is the Chairman of the Cabinet of Ministers of the Kyrgyz Republic.

8. Are part of Council:

1) on position:

- the First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic supervising questions of economy and finance, the vice-chairman of Council;

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