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ТИ-К и Фонд развития Иссык-Кульской области

ISSYK-KUL REGIONAL DEVELOPMENT FUND

         LEGISLATION ABOUT FUND                                                                                                             TENDERS

             PROJECT PROPOSALS                                                                                            COMPLAINTS AND SUGGESTIONS

     

 WHAT IS THE ISSY-KUL REGIONAL DEVELOPMENT FUND

                                                                         
  •  About the Fund
  •  Structure of the Fund
  •  The main objectives of the Fund
  •  How the Fund is utilized
  •  The importance of participation and active involvement by the local population in the activities of the Fund
  •  Different stages of residents' participation in the implementation of projects of the Fund

 

 

THE FUND

The Fund receives 1% of the gross annual income generated by the ‘Kumtor mine' scheme. Since 1994 (until 2012) over 27million USD has been given to the fund.  

 

 

MAIN PURPOSE OF THE FUND

The main purpose of the Fund is to finance small and medium scale programs to promote socio-economic development in the Issyk-Kul region.

 

 

HOW TO USE CASH FUND

The fund can only be used for the purposes as defined by the Supervisory Board of the Fund. The fund is used for socio-economic development of the Issyk-Kul region, including for projects such as:

 

§  Improving the performance of socially important institutions - hospitals, schools, kindergartens, buildings, law enforcement agencies, local authorities, etc.

§  The development of tourism in the region

§  For repairing irrigation networks, hydraulic facilities; and making land improvements

§  Promoting greenery and environmental and local infrastructure

§  Updating rural farming techniques including the purchase of agricultural machinery

§  Micro financing small-scale business projects that promote social and economic development of the region and to support creative projects and talents of children

 

 

THE IMPORTANCE OF LOCAL PARTICIPATION IN THE FUND 

The decision for which projects to finance should be based on the needs of the local population and in order of priority of challenges that the local population face. There should be a fair and transparent selection of the members of the Supervisory Board, and increased transparency and accountability of the bodies exercising control of the Fund would reduce the likelihood of manipulation of public officials and authorities

 

 

STAGES OF RESIDENTS OF PARTICIPATION IN THE PROJECT FUND

Active participation in open rural gatherings to identify priority problems of the village or town is needed, by discussing pre-prepared list of issues and prioritizing the different points based on the relevance and significance of the problem. This would further aid in monitoring the progress of the project by the population who should regularly be requesting information regarding local authorities' decision making process. The following are the stages of the process that include active involvement by local populations:

 

1)      Motion filed to the Direction of the project application

2)      Approval / rejection of the project proposal, the reasons for rejection, appeal the order of rejection of the application

3)      The process of application and tenders for the project commence (with opportunities to participate in tenders)

4)      Activities carried out under the project remit and their relevant points of action

 

In addition, the population needs to regularly monitor the relevant information in official publications, which are published in accordance with the requirements of the Regulation "On the Development Fund of the Issyk-Kul region". It is also imperative that local populations assess the execution and completion of the project to ensure the results obtained are appropriate.

 




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