U.S. and Kyrgyz Government work together to promote investment in mining sector
Bishkek, February 9 / Kabar /. The U.S. Government, through the U.S. Agency for International Development (USAID) and its new REFORMA Project, supports reforms in the mining policy and legislative framework aimed at creating a favorable environment for investors to create additional jobs, improve public-private partnership, and raise social responsibility of the mining companies in Kyrgyzstan. The press service of the US Embassy in Bishkek reports.
The USAID REFORMA project is providing technical and consultative assistance to a working group established by the Ministry of Economy and Anti-monopoly Policy of the Kyrgyz Republic. The working group facilitates discussions on developing a new government policy for the mining sector and on creating favorable conditions for investors. All stakeholders are welcome to participate in discussions on the development of the mining sector at the USAID REFORMA office at 33/1 Razzakova Street, any time from 9:30–17:30, Monday through Friday. The working group has developed a draft Law on Subsoil Assets, which is posted at the Ministry of Economy and Anti-monopoly Policy’s website: www.mert.kg. The working group welcomes comments and suggestions on the draft law, which can be sent to the USAID REFORMA office at the above address or, by e-mail, to: pery0808@mail.ru
Andrey Krasnikov, Chief Policy Advisor of the project said, “The working group did a great job of reviewing the existing problems in the mining sector, studying modern approaches to state management of mineral resources, and introducing legislative changes based on best international practices.”
The working group will hold meetings with the support of the USAID REFORMA project in each oblast to discuss the proposed law with local communities, local self-governments, and representatives of the mining companies operating in the region.
