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Investment Council reformatted in Kyrgyzstan

«We see the role of the Investment Council in being a mediator among businesses,» Uluk Kydyrbaev, head of the Investment Council Secretariat, said at a consultative meeting.

According to him, new regulations on the work of the Investment Council were adopted this year. Certain tasks have been set before it. First of all, the Investment Council will be engaged in ensuring effective dialogue between the state and business to improve the business environment and investment climate.

«Even though we speak the same language, it’s clear that we understand things differently. A wall of misunderstanding arises. The task of the Investment Council is to help reach a compromise and break the deadlock. One more thing. We raise a lot of questions as a business community. Business constantly notices rough edges and gaps. Entrepreneurs are on the inside and immediately see problems and tell about them. Often the first reaction is that they will fix it. But then we see that promises and decisions are not fully fulfilled.

Therefore, the role of the Investment Council should be strengthened in terms of monitoring the execution of instructions. Even if the decision is made and implemented, the effect may not be the same. We see ourselves as a structure that is a mediator who can tell the truth to both sides. And if the solution did not work, then we must also say about it,» Uluk Kydyrbaev said.

He also noted the importance of strengthening the role of the secretariat as a participant in the process. If it is clear that some solution does not work or there is something innovative, then they should also offer their solutions. There is no need to wait for ideas only from entrepreneurs or government agencies. The secretariat itself should become an assistant in terms of innovation, ideas and proposals.

«The Investment Council also includes regional councils for business development and investment. We need to strengthen them as a team. Regional councils will be supervised by specialists. It is also worth strengthening work with local authorities so that they understand what investment councils do. Regional councils are important. The business community is active in the capital, but colleagues from the regions should also have the right to talk about their problems, which hinders their development, attracting investment and establishing public-private dialogue,» Uluk Kydyrbaev concluded.

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