On June 23, 2016, Prime Minister Sooronbai Jeenbekov signed Decree #288 on the creation of a OJSC "Gaurantee Fund" with the capital of 72 million KGS. Additional capital in the amount of $3 million dollars was allocated by ADB. Decree #288 and Resolution #325 of June 15 “On Approval of the Concept on Guarantee Funds Development in the Kyrgyz Republic until 2020” and the expected JK approval of the draft amendments to the Law "On Guarantee Fund in KR" will help create a favorable legal environment for the development of guarantee funds that will advance economic development of the KR.


USAID CGP supports the Association of Guarantee Funds of the KR’s initiatives to advance the development of guarantee funds in the Kyrgyz Republic, support small and medium business development and improve their export capacity by improving access to credits and other financial resources. The Association of Guarantee Funds is successfully building cooperation with the Government of KR, donor representatives, members of the Jogorku Kenesh, banking sector and business community to advance the development of guarantee funds in the Kyrgyz Republic.