Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of June 20, 2022 No. 326

About approval of the Procedure for provision of the guarantee to subjects of national economy

(as amended of the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of 09.09.2022 No. 509)

For the purpose of realization of the crisis response measures aimed at providing homeland and food security of the country by support to subjects of national economy, according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Approve the Procedure for provision of the guarantee to subjects of national economy according to appendix.

2. Bring in the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About questions of the Ministry of Finance of the Kyrgyz Republic" of November 15, 2021 No. 253 the following change:

in Regulations on the Ministry of Finance of the Kyrgyz Republic approved by the above-stated resolution:

- to add the subitem 5 of Item 12 with the paragraph the eleventh the following content:

"-addresses in accordance with the established procedure as the guarantor financial credit institutions.".

3. Bring in the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About questions of subordinated divisions of the Ministry of Finance of the Kyrgyz Republic" of December 10, 2021 No. 302 the following change:

in Regulations on Financial and credit fund under the Ministry of Finance of the Kyrgyz Republic approved by the above-stated resolution:

- to add the subitem 4 of Item 12 with the paragraph the seventh the following content:

"-provision in accordance with the established procedure guarantees on behalf of the Ministry to subjects of national economy before financial credit institutions;".

4. Bring in the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About other means accumulated on special accounts" of April 29, 2022 No. 233 the following changes:

in appendix 2 to the above-stated resolution:

- add the Section V with Items 17, 18 following contents:

"

17

Commission for provision of the guarantee

FKF

 

18

Interest income of the placed deposits

FKF

 

";

- to add the list of reducings with the paragraph by the nineteenth the following content:

"FKF - Financial and credit fund under the Ministry of Finance of the Kyrgyz Republic.".

5. To the Ministry of Finance of the Kyrgyz Republic:

1) annually to provide means for realization of procedure for granting of the guarantee to subjects of national economy in the republican budget for the corresponding year;

2) to take other measures following from this resolution.

5-1. Recommend to financial credit institutions to be guided by Procedure for provision of the guarantee to the subjects of national economy approved by this resolution.

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

7. 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 June 20, 2022 No. 326

Procedure for provision of the guarantee to subjects of national economy

1. General provisions

1. This Procedure regulates the procedure of provision of the guarantee by Financial and credit fund under the Ministry of Finance of the Kyrgyz Republic (further - Fund) to subjects of national economy.

2. In this Procedure the following determinations are used:

1) homeland security is the guaranteed condition of security of the personality, society, state, and also its sovereignty, territorial integrity and independence of external and internal threats;

2) authorized state body on forecasting and budget implementation - the central executive body authorized by the Cabinet of Ministers of the Kyrgyz Republic on implementation of development of state policy, coordination regulation and accomplishment of executive functions in the budget and financial spheres;

3) authorized state body on economic forecasting - the central executive body authorized by the Cabinet of Ministers of the Kyrgyz Republic on implementation of development and realization of single state policy in the field of economic development and the tax sphere;

4) the guarantee - the obligation of Fund to be responsible on behalf of authorized state body on forecasting and budget implementation for the obligation fulfillment of subjects of national economy before the financial and credit, international and foreign organizations (further - creditors) on the credit and the bank guarantee provided according to the decision of the Cabinet of Ministers of the Kyrgyz Republic;

5) food security - state of the economy of the Kyrgyz Republic in case of which food independence of the republic is provided and is guaranteed physical and economic availability of food to the population according to the established minimum consumption rates of food;

6) economic safety is condition of security of national economy from external and internal threats, long-term condition of stability of economic system, and also capability to economic development which provides possibility of satisfaction and expansion of needs of subjects of economic activity, capability to support worthy level of living.

2. Conditions of provision of the guarantee

3. The decision on provision of the guarantee to subjects of national economy (further - subjects) is accepted by the Cabinet of Ministers of the Kyrgyz Republic.

4. The authorized state body on economic forecasting initiates the draft decision of the Cabinet of Ministers of the Kyrgyz Republic about provision of the guarantee. Subjects shall correspond to the following criteria:

1) residents of the Kyrgyz Republic;

2) at least 5 (five) years performing activities and having positive result of financial and economic activities for the last 3 (three) years and also showing reliability and stability;

3) the countries having strategic importance for economic activity, food and homeland security of the country;

4) lack of overdue debt on tax payment and other obligatory payments in the budget, and also on budget credits;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.