On June 3 the Legislative Assembly (Lower Chamber) ratified the draft bill. The agreement signed in Bishkek on October 31, 2002 during the Global Mountain Summit. Within the framework of the agreement, it is expected to attract foreign investments to Kyrgyzstan’s economy. The priority direction for foreign capital inflow is privatized enterprises of the republic. The agreement considers to open an office of the AKFED in Bishkek.
AKFEd is the economic development arm of the Aga Khan Development Network (AKDN), a group of private, non-denominational development agencies seeking to improve opportunities and living conditions in specific regions of the developing world, especially Africa and Asia. Present in Central Asia since 1995, AKFED is also involved in the microcredit and financial services sectors in Tajikistan and the Kyrgyz Republic. Active in the fields of industry, financial services, tourism development and infrastructure in eighteen countries across South and Central Asian and sub-Saharan Africa, AKFED operates as a network of affiliates with more than 90 separate project companies employing over 15,000 people and controlling assets in excess of US$ 1,5 billion.
©1998-2001 Kyrgyz National News Agency "Kabar"