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Head of Government of the Republic of Kyrgyzstan Holds Negotiations with Colvir

18.05.2012

The Prime Minister of the Republic of Kyrgyzstan Omurbek Toktogulovich Babanov holds negotiations with Colvir Vice-President Nadejda Viknyanskaya.

The discussions covered issues pertaining to the deployment of a project for  modernizing the financial system of the Republic of Kyrgyzstan in order to raise the efficiency of public finance management, improve the country’s competitive position, improve the efficiency of the national economy and pay the foundation for future electronic Government.

An inter-departmental working group was set up based on the meeting outcome with its mandate to calculate the economic benefits of deploying the proposed project in the Republic. Based on initial expert estimates such benefits would total in excess of USD 600,000,000 producing very significant support for the Kyrgyzstan national budget.