BISHKEK (TCA) — The final package of recommendations developed under the OSCE flagship project to strengthen regulatory governance in Kyrgyzstan was approved by the Kyrgyz Government’s Regulatory Reform Council on 1 December, the OSCE Programme Office in Bishkek said on December 4.
The eventual implementation of all the recommendations will allow businesses to reduce administrative costs by around 20 million euros and contribute to improving Kyrgyzstan’s position in the World Bank’s “Doing Business” rating, thereby helping to attract investment to the country.
“I would like to express my sincere gratitude to the Government of Kyrgyzstan and the Ministry of Economy for their strong support to one of our flagship projects. But we still have a lot of work to do to bring the reform to its logical end and achieve the expected impacts and changes,” said Pierre von Arx, Head of the OSCE Programme Office in Bishkek. “In this regard, we are ready to provide further assistance in drafting the necessary legislative documents.”
Three previous packages of recommendations were approved by the Council in July and December 2016 and in June 2017. In total, the project’s experts proposed recommendations on 1,068 legal norms and 604 administrative procedures.
Eldar Abakirov, Deputy Minister of Economy said: “The implementation of this project has contributed to improving the competitiveness of the country and creating favourable conditions for business and investment. We hope that we will further continue our cooperation with OSCE.”
The project has been implemented under a Memorandum of Understanding signed between the Government of Kyrgyzstan and the OSCE in March 2014 and aims at removing unnecessary regulatory barriers to business and reducing the complexity of administrative procedures.
