Bishkek, Kyrgyz Republic – On April 17, 2018 international financial institutions and representatives of worldwide development agencies, will meet for the International Cooperation and Development Forum, to discuss upcoming business opportunities in the Kyrgyz Republic. The event will take place at the Hyatt Regency Hotel in Bishkek.
The purpose of the forum is to create a unique platform for financial institutions, government representatives, consultancy firms, sector organisations, NGOs, academic institutions and other principal stakeholders, to meet, share expertise and expand their knowledge in the development sphere.
The event will focus on the importance of international cooperation for the socio-economic development of the Kyrgyz Republic and on promoting the business environment, while exploring business opportunities with Development Banks’ representatives. Further, it aims to emphasize efficient approaches to bilateral cooperation with state representatives in Kyrgyzstan.
“In the last years, the Government of the Kyrgyz Republic has made significant efforts in poverty alleviation, through inclusive economic growth. With the support of multilateral and bilateral donors, the government has implemented legal reforms, improved the business environment and banking system, increased employment opportunities and regained trust and reliability in state services. After the democratic presidential elections at the end of 2017, it is no surprise that the Kyrgyz Republic is drawing so much attention from the international development movement,” said Sergiu Casu, the director of Business Development at DevelopmentAid, the well-known international aid organisation.
The expected outcome of the event is to create a network of principal stakeholders in international development through promoting dialogue between speakers and participants.
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The Kyrgyz Republic is a landlocked, mountainous country that attained sovereignty after the breakup of the Soviet Union in 1991. The new state has a little over 6 million inhabitants and experienced two recent bouts of political and social instability, in 2005 and 2010. Following the violence and political turmoil of April-June 2010, the Kyrgyz Republic became the first Central Asian parliamentary republic. The World Bank lists the Kyrgyz Republic as a lower middle-income country, with a GDP per capita of US $1,077. This ranks the country in the 2nd last position in the Europe and the Central Asia region, just above Tajikistan. Persistent poverty and economic disparities between rural and urban areas is also a challenge that the country faces.