Kyrgyzstan To Establish National Investment Fund
Date
6/19/2024 5:24:44 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, June 19. President of
Kyrgyzstan Sadyr Zhaparov signed a decree 'On the establishment of
the National investment Fund of the Kyrgyz Republic', Trend reports.
According to the press service of the Kyrgyz president, having
such an organization is as essential as a breath of fresh air for
the smooth sailing of business entities with state funds and luring
investments by stepping into local and international markets.
In this regard, Zhaparov instructed the Cabinet of Ministers to
develop appropriate regulatory legal acts, as well as "on the basis
of appropriate assessment and analysis," to prepare a list of
business entities with state participation to be transferred to the
new fund.
Furthermore, the President of Kyrgyzstan gave the government the
green light to make sure the fund and portfolio companies
experience a 'steady increase in value'. Additionally, they were
instructed to bring in investments by 'putting the fund and
portfolio companies on the map' in both international and local
capital markets.
Meanwhile, Kyrgyzstan is actively striving for socio-economic
development, implementing reforms in key sectors of the economy,
such as energy, transport, and the agro-industrial complex, in
order to increase the competitiveness and sustainability of the
economy.
The country also goes the extra mile to pay significant
attention to the social sphere, pulling out all the stops to
implement programs that improve access to quality education, health
care, and social protection. This really helps to raise the
standard of living of the population and bring down poverty.
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