RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of October 27, 2026 No. 725

About approval of the Regulations on management of the state investments

For the purpose of ensuring the approved and single process of determination, selection, realization, control and project evaluation of the state investments realized fully or partially due to external borrowings and grants based on international agreements of the Kyrgyz Republic according to Articles 28, of 30, of 35, of 62, of 71 Budget code of the Kyrgyz Republic, 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. Approve Regulations on management of the state investments according to appendix.

2. Recognize to invalid:

1) the order of the Government of the Kyrgyz Republic "About approval of the Provision on management of the state investments" of May 28, 2019 No. 232;

2) the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About modification of the order of the Government of the Kyrgyz Republic "About approval of the Provision on management of the state investments" of May 28, 2019 No. 232" of December 26, 2022 No. 714;

3) the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About modification of the order of the Government of the Kyrgyz Republic "About approval of the Provision on management of the state investments" of May 28, 2019 No. 232" of August 14, 2023 No. 405.

3. This resolution becomes effective after ten days from the date of official publication.

Appendix

to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of October 27, 2026 No. 725

Regulations on management of the state investments

Chapter 1. General provisions

1. The regulations on management of the state investments (further - the Provision) establish single procedure for initiation, selection, preparation, realization, monitoring and project evaluation of the state investments.

2. Action of this provision extends to public authorities and local government bodies (under approval) the Kyrgyz Republic.

3. The purpose of this provision is high-quality ensuring preparation and projects implementation of the state investments for receipt of the greatest possible social and economic return from budget investments.

4. This Provision is not applied to projects of technical assistance, grants of off-budget system of the Kyrgyz Republic, the emergency humanitarian, military and food aid, help to ensuring national security, and also to projects according to the prevention or mitigation of consequences of emergency situations.

5. Control of the state investments of the Kyrgyz Republic is exercised according to the following principles:

1) projects of the state investments are initiated and affirm according to the priorities of development of the Kyrgyz Republic determined in national, industry programs, strategy and territorial programs of social and economic development;

2) the single systematized process and the standardized document flow established by this Provision including application of the single standard of the used documents is applied to projects of the state investments;

3) for the initiated projects of the state investments the measurable indicators of effectiveness and efficiency considered in case of their selection, approval, and also subsequent assessment are determined;

4) concerning completed projects of the state investments assessment of their efficiency according to the techniques approved by the executive agencies with the subsequent submission of information to authorized state body on economic forecasting which submits to the executive agencies recommendations following the results of the analysis of effectiveness of projects is without fail carried out;

5) the corresponding officials bear the personal responsibility for planning, initiation, realization, completion, assessment and monitoring of projects of the state investments, and also for collection and preparation of information necessary for projects implementation assessment;

6) approval and financing of projects of the state investments are performed according to the budget legislation of the Kyrgyz Republic and budget cycle;

7) financing of projects of the state investments is performed taking into account the Strategy of national debt management approved by the Cabinet of Ministers of the Kyrgyz Republic;

8) processes and results of planning, realization, completion and project evaluation of the state investments shall be transparent and available to the public.

Chapter 2. Terms and determinations

6. In this Provision the following terms and their determinations are applied:

1) project assets - object or objects, services or other functional value created as a result of project implementation of the state investments;

2) beneficiaries of the project - the physical persons or legal entities receiving benefit from the actions realized within the project of the state investments;

3) budget investments - means republican or local budgets, and also means from external sources (the credits and grants of bilateral and multilateral donors) directed to projects implementation of the state investments in the Kyrgyz Republic in the form of financing or joint financing;

4) impact of the project on the government budget of the Kyrgyz Republic - the predicted impact of the project of the state investments on decrease or increase in expenses of the government budget of the Kyrgyz Republic;

5) interstate procedures - process of ratification, accession or approval of the international treaty of the Kyrgyz Republic according to the procedure, established by the legislation of the Kyrgyz Republic on international treaties;

6) the state investments - the funds of the republican budget allocated for financing of investment projects, including the infrastructure projects realized with attraction of external borrowings and grants based on international agreements of the Kyrgyz Republic;

7) loan grant element - the loan lgotnost degree calculated by the technique approved by authorized state body on forecasting and budget implementation on the basis of the principles and parameters of the International Monetary Fund;

8) the donor - the bilateral or multilateral partner of the Kyrgyz Republic granting the loan or grant for project implementation of the state investments;

9) indicators of effectiveness of the project - the quantitative and qualitative, financial and non-financial indices used for measurement of results of project implementation of the state investments;

10) the executive agency - the state body which is the main manager of budgetary funds and responsible for initiation, preparation and project implementation of the state investments according to the agreement on financing;

11) the project coordinator - the representative of the executive agency responsible for planning, initiation, realization, monitoring and evaluating efficiency of implementation of certain project of the state investments;

12) matrix of results of realization - the document containing target indicators of project deliverables of the state investments and terms of their achievement;

13) sales office of the project - temporarily created department in the executive or implementing agency performing tasks on project implementation of the state investments;

14) monitoring and assessment of project implementation during the post-project period - complex of the monitoring and analytical researches directed to quantitative and high-quality determination of extent of impact of the project of the state investments, achievements of the planned indicators, efficiency of functioning of its assets during the period after project implementation completion;

15) the list of projects for scenarios of development - the projects of the state investments prepared according to requirements of this provision, approved by authorized bodies, but which did not receive financing;

16) the project of the state investments (further - the project) - the complex of actions with accurately particular purposes and results realized within fixed schedule and organizational structure. For the purposes of this provision projects of the state investments are understood as the projects financed from means of the republican budget with attraction of external borrowings and grants based on international agreements of the Kyrgyz Republic;

17) the project request - the initiating document containing the main project information of the state investments in form according to appendix 1 to this Provision;

18) the framework agreement - the agreement determining agreements in principle of the parties about forms, the directions and conditions of cooperation which are implemented afterwards within separate projects of the state investments, and the preliminary list of projects containing (if necessary), amount and conditions of their financing;

19) the implementing agency - the organization having the status of the legal entity, local government body responsible for realization or participating in project implementation of the state investments according to the agreement on financing;

20) Council of the Cabinet of Ministers of the Kyrgyz Republic for fiscal and investment policy (further - Council) - the collegiate organ created by the Cabinet of Ministers of the Kyrgyz Republic in the value determined by the Budget code of the Kyrgyz Republic;

21) the agreement on financing - the international or not international treaty signed between the Kyrgyz Republic and the donor, establishing financial, legal and other sales terms of the project of the state investments;

22) authorized state body on forecasting and budget implementation - the state body performing functions on development and realization of state policy in the field of management of public finances and also politicians in the field of internal audit and public procurements;

23) authorized state body on economic forecasting - the state body performing functions on development and realization of state policy in the field of macroeconomic, investments, economic and regional development;

24) the legal conclusion - the conclusion of authorized state body in the field of justice, confirmatory holding procedures of approval, signing and ratification of the agreement according to the legislation of the Kyrgyz Republic, and also legal obligation of its provisions if such conclusion is provided by the Law of the Kyrgyz Republic "About membership of the Kyrgyz Republic in international financial institutions" or conditions of the international organizations as the requirement for the introduction of the agreement in force;

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