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🇰🇬 Kyrgyzstan /Elections & Politics

Kyrgyzstan renames Regional Development Fund as part of institutional optimization

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The Cabinet of Ministers of Kyrgyzstan has renamed the Public Social Partnership Fund for Regional Development to the Project and Initiative Implementation Fund.
  • The resolution also revokes previous decisions, including the establishment of a Coordinating Council of Development Institutions.
  • These changes aim to optimize the efficiency of the country's development institutions and will take effect in ten days.

Kyrgyzstan's Cabinet of Ministers has approved a resolution to streamline the operations of the nation's development institutions. A key change involves renaming the Public Social Partnership Fund for Regional Development to the Project and Initiative Implementation Fund.

The new structure will fully succeed the previous fund, inheriting all its rights and responsibilities. This move is part of a broader effort to optimize the efficiency and effectiveness of state development bodies.

In addition to the renaming, the resolution nullifies several prior decisions. Notably, it revokes the 2022 resolution that established the Coordinating Council of Development Institutions of the Kyrgyz Republic. Certain provisions from subsequent Cabinet resolutions concerning the Regional Development Fund and the National Holding Company Heritage of the Great Nomads are also being repealed.

The National Investment Fund has been advised to update its internal documents to align with the new resolution and implement the necessary measures. The Cabinet stated that these adjustments are designed to enhance the overall performance of development institutions. The resolution is set to come into force ten days after its official publication.

DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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