Kalikova & Associates lawyers contributes to Challenges of Establishment, Operation and Expenditure of Regional Development Funds round-table discussion
On September 17, 2015, Eurasia Foundation of Central Asia held the Challenges of Establishment, Operation and Expenditure of Regional Development Funds round-table discussion within the framework of its project on the transparent and effective local management of income of mining companies through regional development funds. The event was held with financial support from Soros Foundation -Kyrgyzstan and in partnership with the Ministry of Economy of the Kyrgyz Republic.
The main goal of the round-table discussion was to develop key recommendations for the establishment and transparent administration of regional development funds based on the needs of the local communities.
Kalikova & Associates lawyers Satkyn Beketaeva and Jyldyz Tagaeva delivered a presentation on the challenges and recommendations based on the legal analysis of the standard regulation on the formation of regional development funds and the laws of the Kyrgyz Republic governing the establishment and operation of regional development funds.
The round-table discussion resulted in the decision to establish a working group responsible for the development of recommendations for amending the laws of the Kyrgyz Republic to improve the overall performance of regional development funds.