Friday, August 03, 2012 -
Kyrgyzstan’s Chamber of Commerce and Industry (CCI) will establish an independent entity to promote public-private partnerships (PPPs), the CCI said in a Bishkek meeting on Friday.
The center will promote the creation of these types of partnerships throughout the country, and will encourage businesses throughout Kyrgyzstan to develop these entities.
The CCI-funded center will also provide advice to businesses looking to undertake PPPs.
Several Kyrgyz ministries – including the health ministry, the transport and communications ministry, and the energy and industry ministry – also attended the presentation.
PPPs were a favored policy of ‘Third Way’ politicians in the 1990s who represented left-wing parties but were looking for new ways of financing public projects. These politicians – which included U.S. President Bill Clinton, U.K. Prime Minister Tony Blair, and German Chancellor Gerhard Schroeder – argued that combining private industry and public sector institutions would reduce budget stresses on governments and increase citizens’ participation in public projects.
Kyrgyzstan is having trouble reducing its budget deficit since violent ethnic clashes in 2010 wreaked havoc on its economy. Since then, its gross domestic product (GDP) has faltered and tax revenues have fallen.