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New director of Issyk-Kul Development Fund appointed

New director of Issyk-Kul Development Fund was appointed, the press service of the plenipotentiary representative of the government reported.

According to it, the deputy plenipotentiary representative introduced to the staff of the Directorate of the Development Fund the appointed director Rustambek Sadyraliev. He noted that the new head has extensive experience in the financial and economic sphere.

Recall, in April 2009 the Parliament ratified the agreement on new conditions for Kumtor project. It provides for monthly deductions to the Development Fund — 1 percent of the gross income of Kumtor Gold Company CJSC.