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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of January 4, 2017 No. 6

About the State agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic

(as amended on 10-03-2021)

For the purpose of enhancement of management system public finances, and also reductions in compliance with the legislation in the sphere of the budget right of the Regulations on subordinated division of authorized state body on forecasting and budget implementation regarding administration of budget credits, according to articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Rename the State fund of development of economy under the Ministry of Finance of the Kyrgyz Republic into the State agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic.

2. Approve Regulations on the State agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic according to appendix.

3. Ceased to be valid according to the Order of the Government of the Kyrgyz Republic of 10.03.2021 No. 85

4. Declare invalid the order of the Government of the Kyrgyz Republic "About modification of the order of the Government of the Kyrgyz Republic "Questions of the Ministry of Finance of the Kyrgyz Republic" of February 20, 2012 No. 114" of May 7, 2013 No. 251.

5. This resolution becomes effective since January 1, 2017.

6. To impose control of execution of this resolution on department of finance and credit policy of Government office of the Kyrgyz Republic.

Prime Minister

S. Zheenbekov

Appendix

Approved by the Order of the Government of the Kyrgyz Republic of January 4, 2017 No. 6

Regulations on the State agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic

1. General provisions

1. This Provision determines legal and organizational basis of activities of the State agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic (further - the Agency).

2. The agency is the subordinated division of the Ministry of Finance of the Kyrgyz Republic performing transactions on the budget crediting on behalf of the Ministry of Finance of the Kyrgyz Republic.

3. In the activities the Agency is guided by the Constitution of the Kyrgyz Republic, the laws of the Kyrgyz Republic, decrees and orders of the President of the Kyrgyz Republic, resolutions and orders of the Government of the Kyrgyz Republic, other regulatory legal acts of the Kyrgyz Republic which came in the procedure established by the law into force international treaties which participant is the Kyrgyz Republic, and also this Provision.

4. The agency is legal entity. Form of business - the public institution created on the right of operational management. The agency has separate balance, the isolated property, settlement and other accounts in banks and other financial credit institutes, seal with the name on Kyrgyz, to Russian and English languages and the image of the State Emblem of the Kyrgyz Republic, stamp, forms and other attributes.

5. Full official name of the Agency:

in the Kyrgyz language: "Respublikasynyn Finansa's Kyrgyz to the ministrligena to karashtu Byudzhettik of nasyyalarda to bashkaru of boyunch mamlekettik agenttig";

in Russian: "The state agency on management of budget credits under the Ministry of Finance of the Kyrgyz Republic";

in English of "State agency for management of budget loans under the Ministry of finance of the Kyrgyz Republic".

2. Purposes and tasks of the Agency

6. The purpose of activities of the Agency is effective management of budget credits.

7. Tasks of the Agency are:

management of the budget credits granted from the republican budget according to decisions of the Government of the Kyrgyz Republic;

enhancement and development of procedures of the budget crediting;

ensuring realization of the rights and interests of the Government of the Kyrgyz Republic following from the credit agreements signed between borrowers and the Ministry of Finance of the Kyrgyz Republic.

3. Functions of the Agency

8. For the solution of the assigned tasks the Agency performs the following functions:

1) functions of realization of industry policy:

- preparation and entering into the Ministry of Finance of the Kyrgyz Republic of drafts of decisions of the Government of the Kyrgyz Republic on provision of budget credits from the republican budget, with indication of conditions of their provision, use, servicing and repayment;

- project development of credit agreements according to decisions of the Government of the Kyrgyz Republic on provision of budget credits from the republican budget;

- the conclusion on behalf of the Ministry of Finance of the Kyrgyz Republic of credit agreements and related other agreements, agreements;

- maintaining the register of the issued budget credits and the property transferred (collected) on account of debt repayment of borrowers on the budget credits provided from the republican budget;

- within the competence development and implementation of measures for ensuring timely return of budget credits in accordance with the terms of the credit agreements concluded between the borrower and the Ministry of Finance of the Kyrgyz Republic;

- application of financial sanctions, procedures of early debt collection for budget credits and the addresses of collection regarding pledge extrajudicially provided in credit and collateral contracts and agreements;

- carrying out transactions on debt restructuring on budget credits;

- implementation of transfer procedure of debt on the budget credits granted from the republican budget;

- ensuring implementation of procedures of external management and debt conversion;

- providing measures for judicial protection of the violated creditor's rights on the budget credits provided at the expense of means of the republican budget;

- implementation of measures, directed to voluntary execution by borrowers or the third parties of court resolutions on budget credits;

- initiation, participation and monitoring of implementation of procedures of recovery by enforcement of debt, and also participation in processes of liquidation and bankruptcy (insolvency) of borrowers according to the procedure, stipulated by the legislation Kyrgyz Republic;

- rendering free aid and issue of long-term preferential loans to the population of the Kyrgyz Republic, to the victim of natural disasters, in accordance with the established procedure, and also ensuring return of the issued long-term preferential loans;

2) regulation functions:

- determination of financial institution for servicing of bank accounts and cash transactions of borrowers on budget credits;

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