Ann: Andash Project Development Update , page-45

Resolution of 13.05.11g № 215 "On the Coordinating Council on macroeconomic and investment-nd th policy

Established a Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic

The corresponding decree was signed by the Prime Minister of the Kyrgyz Republic Atambaev.

This document was adopted in order to coordinate and effectively respond to changing economic conditions, strengthen the mechanism for the formation of macro-economic and investment policies, as well as ensuring consistency of measures undertaken in this area.

Note that the functioning of the Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic (hereinafter - the Council) will be implemented for effective coordination of activities implemented within the framework of macroeconomic and investment policies to ensure consistency of measures undertaken in this area, supporting a stable macroeconomic and investment environment and promote long-term economic efficiency.

The need to create this Council due to the fact that the development of effective macroeconomic and investment policies, its management and implementation requires an effective institutional capacity.

As part of the Council will act swiftly coordination mechanism of vision and actions of various government agencies for macroeconomic and investment policy. Ministry of Economic Regulation will carry out the functions of the Secretariat of the Council, preparing all the necessary technical documents, and regularly provide the Council with relevant information.
Accordingly, the Government of the Kyrgyz Republic has decided:

The Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic within the annex to this resolution.

To approve the attached Regulations of the Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic.

Secretariat of the Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic defined the Ministry of Economic Regulation of the Kyrgyz Republic.

Approved
Government Decree
Kyrgyz Republic
from "13" May 2011 № 215

POSITION
on the Coordinating Council
on macroeconomic and investment policy
Government of the Kyrgyz Republic

1. General Provisions

Coordinating Council of the macroeconomic and investment policy of the Kyrgyz Republic (hereinafter - the Council) is an advisory body providing a coordinated decisions on the development and implementation of macroeconomic and investment policy.
The Council may engage to participate in its meetings, the heads of executive bodies, not members of the Council.
Deputies of the Kyrgyz Parliament, representatives of international organizations and donor countries, representatives of producers associations, academics and leaders of business entities may be invited to meetings of the Council to address the Prime Minister of the Kyrgyz Republic.

2. Aims and objectives of the Council

The main aim of the Council is to stabilize and achieve sustainable economic development of the Kyrgyz Republic through coordinated action on the development and implementation of macroeconomic and investment policy.
The main objectives of the Council are:
- Strengthening the mechanism of formation of macro-economic and investment policies;
- Ensuring the overall coordination and management of the implementation of macroeconomic and investment policy of the Kyrgyz Republic;
- Development of preventive measures related to changes in external and internal socio-economic situation;
- Ensuring the necessary level of economic security of the Kyrgyz Republic;
- Preventing the introduction of public authorities unwarranted administrative measures restricting the investment activities;
- Assist in the implementation of the financial state planning and budgetary control;
- Determination of priorities in the current, prospective and investment of public expenditures;
- Ensuring consistency of fiscal policy with fiscal stability, efficient allocation of resources and provision of services;
- Coordination of activities of executive authorities, economic entities on the use of foreign investment and economic assistance as well as monitoring the effectiveness of these activities;
- Creation of an effective system of dealing with foreign investors, international and foreign agencies and organizations to provide economic assistance to the country;
- Protecting the economic interests of the Kyrgyz Republic and the enforcement of legislation in the Kyrgyz Republic to the drafting of contracts and agreements concluded with foreign investors;
- Consideration of proposals for the provision in accordance with the legislation of the Kyrgyz Republic and the government programs (projects), investment incentives for investors and participants in foreign investment, investing in priority sectors of the economy and social sphere, as well as in certain areas of the country;
- Consideration of the priority projects for the republic's economy to attract foreign investment, economic assistance and monitoring their use.

3. Functions of the Council

The main functions of the Council are:
- A preliminary consideration of draft decisions of the Government of the Kyrgyz Republic on measures of macroeconomic and investment policies relating to:
macroeconomic stability;
use of public funds;
priorities of attracting and using economic aid and foreign direct investment;
implementation of socio-economic programs supported by international financial institutions and donor countries;
- Consideration of long-, medium and annual forecasts of socio-economic development of the Kyrgyz Republic;
- Consideration of matters relating to the preparation of the draft budget, and approval of the budget structure for the next fiscal year;
- Review and approval of medium-term budget;
- Consideration of an increase or decrease in budget revenues;
- Determination of priorities of attracting and using foreign investment, provide a guarantee of the Government of the Kyrgyz Republic, as well as economic assistance and foreign direct investment;
- Consideration of issues relating to the provision of guarantees of the Government of the Kyrgyz Republic on foreign borrowing;
- Review and approval of projects of long-term, medium and annual programs to attract foreign aid, developed jointly with international organizations, financial institutions, donor countries, as well as public investment programs;
- Consideration of issues of public private partnership;
- Consideration of other matters of macroeconomic and investment policy determined by the Prime Minister of the Kyrgyz Republic.

4. Council's powers

The Council, in accordance with the tasks assigned to it within its jurisdiction has the right:
- To hear members of the Government of the Kyrgyz Republic, and also invited to the meeting of the parties on these issues;
- Take decisions on matters proposed for consideration by Council members of the Government of the Kyrgyz Republic or other interested parties;
- To recommend to the members of the Kyrgyz Government to work to issues before the Council;
- Submit proposals to the Prime Minister of the Kyrgyz Republic;
- Establish the Coordinating Council permanent technical team, as well as interagency working groups.

5. Organization of work of the Council

Council meetings are held as necessary to ensure the coordination and management of the implementation of macroeconomic and investment policy, but at least once a quarter. Council meetings are considered competent if they contain at least 2 / 3 of the total number of its members.
In exceptional cases, the issues under consideration by the Council, may be treated in an expeditious manner. In this case, the Board's decision should be signed after approval of the draft protocol solutions with more than half of its members, with a mandatory order from the Ministry of Economic Regulation of the Kyrgyz Republic, Ministry of Finance of the Kyrgyz Republic and National Bank of Kyrgyz Republic.
The Council takes decisions by majority vote on issues within these Regulations within its competence. In case of equality of votes is considered to be a decision voted by the Chairman of the Board.
Council decisions are made in the form of protocols to generate proposals or recommendations.
Organizational, methodological, informational and technical support activities of the Council carries out the Council's secretariat.
Secretariat of the Council is the depositary of the Council's decisions.
Abolition of the Council shall be by decision of the Prime Minister of the Kyrgyz Republic.

6. Functions of the Secretariat of the Council
The Secretariat performs the following functions:
- Organizational support of the Board, implementation of the decisions and maintain a working relationship with members of the Council;
- Development and use of models of socio-economic development and creating a database of information necessary for the Council's activities;
- Publication in the media outputs of economic policy and socio-economic development;
- Provision for monitoring the implementation of decisions, recommendations and proposals of the Council;
- Internal record keeping, including maintenance and storage protocols, decisions and other documents relating to the activities of the Council;
- The implementation of other functions.


Appendix

COMPOSITION
Coordinating Council on macroeconomic and investment policy of the Kyrgyz Republic

Prime Minister of the Kyrgyz Republic, Chairman of the Board;
First Vice Prime Minister of the Kyrgyz Republic, Deputy Chairman of the Board.
Council Members:

Head of the Department of Economics and Strategic Development of the Government of the Kyrgyz Republic;
Head of department of financial and credit policy of the Government of the Kyrgyz Republic;
Minister of Economic Regulation of the Kyrgyz Republic;
Minister of Finance of the Kyrgyz Republic;
Minister of Labour, Employment and Migration of the Kyrgyz Republic;
Chairman of the National Bank of Kyrgyz Republic (by agreement);
Chairman of the National Statistical Committee of Kyrgyz Republic (by agreement);
Chairman of the Social Fund of the Kyrgyz Republic.