RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of April 4, 2023 No. 182

About introduction of amendments to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic "About approval of the Procedure for provision of the guarantee to subjects of national economy" of June 20, 2022 No. 326

For the purpose of enhancement of the procedure of provision of the guarantee to subjects of national economy, according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Bring in the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About approval of the Procedure for provision of the guarantee to subjects of national economy" of June 20, 2022 No. 326 the following changes:

according to the procedure of provision of the guarantee to subjects of national economy, approved by the above-stated resolution:

- in item 4:

the paragraph one to add with the offer the second the following content: "Drafts of decisions shall contain the amount and currency of the guarantee.";

add subitem 2 with paragraphs second, third the following content:

"Subjects which perform activities less than 5 (five) years or newly created subjects, and also the having negative indicators of financial and economic activities, without fail provide mortgage providing or guarantee of the third parties.

In case of lack of mortgage providing or guarantee, the size of own contribution of the subject shall constitute at least 30% of the project amount;";

- in Item 5:

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