Published
11/13/2026, 17:13The Issyk-Kul Region Development Fund will be able to cover the tuition fees of contract students, as well as finance the construction and purchase of staff houses and flats. The relevant amendments to the fund’s regulations were approved by the Cabinet of Ministers via Resolution No. 754 of 12 November 2026.
According to the document, students studying on a fee-paying basis will be eligible for tuition support. However, they will be required to sign a contract committing to work in the Issyk-Kul Region for at least five years after completing their studies.
Another change concerns the provision of staff accommodation. The fund’s resources may now be used for the construction and purchase of staff houses and flats.
The rules for financing business projects are also being amended. Money from the fund may be allocated to projects that contribute to the regional budget and promote the socio-economic development of the region. Such projects must be approved by the Supervisory Board. Their intended purpose may only be changed with the Board’s consent.
Furthermore, the resolution clarifies the procedure for transferring the fund’s resources. Upon receipt of funds amounting to 1 per cent from Kumtor Gold Company CJSC, the Central Treasury of the Ministry of Finance must, within three working days, convert the US dollars into the national currency and transfer them to the fund’s special treasury account. In this regard, 100 per cent of the funds received are to be transferred to the fund’s account for further use in the socio-economic development of the Issyk-Kul Region.
The decree was signed by the Chairman of the Cabinet of Ministers, Adylbek Kasymaliev. It will come into force 10 days after its official publication.
