• Home/
  • News/
  • THE STATE AGENCY FOR INVESTMENT AND EXPORT PROMOTION AT THE IECC SIGNED THE MEMORANDUM OF...

THE STATE AGENCY FOR INVESTMENT AND EXPORT PROMOTION AT THE IECC SIGNED THE MEMORANDUM OF UNDERSTANDING AND COOPERATION WITH THE JAPANESE ASSOCIATION OF PPP AND THE PRIVATE FINANCIAL INITIATIVE

15.09.2017
THE STATE AGENCY FOR INVESTMENT AND EXPORT PROMOTION AT THE IECC SIGNED THE MEMORANDUM OF UNDERSTANDING AND COOPERATION WITH THE JAPANESE ASSOCIATION OF PPP AND THE PRIVATE FINANCIAL INITIATIVE

Within the framework of the Second Kyrgyz-Japanese Forum on Quality Infrastructure, a Memorandum of Understanding and Cooperation between the State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic with the Japan Association of the Private Financing Initiative and the Public-Private Partnership was signed on September 15-September 2017.

This Memorandum of Understanding and Cooperation was signed between the State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic represented by the Director Orozbekov Alymbek Asylbekovich and the Japan Public-Private Partnership Association and private financial initiative represented by the Chairman and President Kazuo Ueda.

The Japan Public-Private Partnership Association and private financial initiative is the leading organization to promote these mechanisms in Japan. Thus, the association was founded in September 1999 as a non-profit organization in Japan.

The purpose of this memorandum is to promote the development of a public-private partnership (PPP) mechanism and the Private Financing Initiative (PFI), the exchange of experience both in the Kyrgyz Republic and in Japan.

During the meeting, the Parties agreed on cooperation aimed at promoting the development of best practice in PPP / PFI between the signatories. Further cooperation will be conducted in the following areas:

Exchange of experience on the development of public-private partnership and promotion of public-private partnership projects, involving the staff of the Parties in seminars and other training trainings;

Exchange of information on preparation of PPP projects in different spheres;

Exchange of experience in the field of transactional services, in terms of conducting effective tender procedures for the selection of a private partner;

Exchange of information, in the search for and formation of an international base of potential investors;

Exchange of information on the legal and regulatory framework, funding structures and tax support, if any;

Exchange of information on infrastructure projects that will be implemented in accordance with the principles of PPP / PFI in the Kyrgyz Republic and Japan;

Exchange of delegations from each Party for the promotion and implementation of projects in both countries that must be implemented in accordance with the PPP / PFI principles;

Exchange of information on best practices on environmental sustainability, which can be applied to the planning and implementation of projects that must be implemented in accordance with the PPP / PFI principles;

Cooperation in building consensus and building capacity for PPP / PFI.

Cooperation on any other issues related to PPP / PFI

Following the meeting, the Director of the State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic expressed gratitude for the warm welcome and hope for further fruitful cooperation on the development of public-private partnership in the Kyrgyz Republic and Japan.

+996 (312) 62 38 44
mail@invest.gov.kg