Bishkek, Dec. 5, 2017 / Kabar /.Prime Minister of Kyrgyzstan Sapar Isakov summed up hundred days of his work as the head of government. Mr. Isakov initiated the program “Forty Steps to New Era”. One of the government's achievements over this period was signing of the Strategic Agreement on Environmental Protection and Investment Development between the Government of the Kyrgyz Republic and Centerra Gold Inc., on Sept.11, 2017.
The main priorities of the document are ecology, expansion of the scale of social partnership and investment. The company "Centerra Gold Inc." has undertaken new obligations aimed at expanding financial support to environmentally protection activities in Kyrgyzstan, primarily in the area of Lake Issyk-Kul. The Natural Resources Development Fund will receive a $ 50 million USD. The Centerra’s annual environmental payment will increase from 310,000 to 3 million US dollars.
The budget of the Kumtor Mine Rehabilitation Fund will be located in the financial institutions of the Kyrgyz Republic. Thus, annually it will be replenished by $ 6 million to $ 69 million. Based on the agreement the Centerra Gold Inc. will allocate $ 50 million on water purification works of Issyk-Kul lake community areas.
Partnership in the social sphere is expanded. The Government of the Kyrgyz Republic issued decree No. 577 on September 14, 2017, where Public Foundation "Oncological Service Support Foundation” was established. Centerra Gold Inc. will allocate $ 10 million for this Foundation. First tranche of $ 7 million has already been transferred to the Founation’s bank account.
Kumtor Mine Rehabilitation Fund has already received 23 million US dollars from the jurisdiction of a foreign country under the jurisdiction of the Kyrgyz Republic. So far these financial resources will be used for the interests of the domestic economy. It is expected that in the next 8-9 years the amount of the Fund's resources will be increased to 70 million US dollars.
An agreement on making changes to the structure of senior management of the company was also reached. From now on, three out of five managers are citizens of Kyrgyzstan. They are: Head of corporate relations, Head of sustainable development, and General manager. Current activity corresponds to “Forty Steps to New Era”’s 3 steps. They are Step 9: "Invest in Kyrgyzstan!", Step 24 "Revival of industrial production" and Step 39 "Environmental sustainability".