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The Kyrgyz Stock Exchange (KSE) and the Central Depository (CD) were visited by the Minister of Finance of the Kyrgyz Republic - Almaz Baketaev



On the 14th of February 2024, the Minister of Finance of the Kyrgyz Republic Almaz Baketaev visited the Kyrgyz Stock Exchange (KSE) and the Central Depository (CD) in order to get acquainted with the areas of activity and jointly discuss the strategy of their development. Recall that the Ministry of Finance of the Kyrgyz Republic at the end of December 2023 became the key shareholder of these national infrastructural institutions of the financial market of the country and has 33.4 per cent of shares in KSE and 50 per cent in CD.

The event was attended by Deputy Minister of Finance - Director of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic - Umutzhan Amanbaev, Chairman of the Financial and Credit Fund under the Ministry of Finance of the Kyrgyz Republic - Eldiyar Doolbekov, members of the Board of Directors, management of KSE and CD.

 

 

It should be noted that this is the second visit of the Minister of Finance of the Kyrgyz Republic, the first time he visited the KSE in April 2022 and in his speech outlined the main directions of development of the exchange financial market of the country. During the meeting Almaz Baketaev expressed his readiness to transfer government securities to the Exchange's platform and subsequent entry of the Ministry of Finance of the Kyrgyz Republic into the share capital of the Exchange in order to jointly develop the precious metals market, sustainable development sector and commodities sector.

 

 

Almaz Baketaev, Minister of Finance of the Kyrgyz Republic:

"The state represented by the Ministry of Finance of the Kyrgyz Republic as the main shareholder will assist in strengthening and modernising the technical potential of KSE and CD, as well as create additional opportunities for the development of new areas of activity, including the organisation and creation of improved conditions for the placement and circulation of government securities first of all and other financial instruments. I am confident that this new model of public-private partnership will allow us to activate other important sectors of the Exchange, such as the precious metals sector, launch foreign exchange trading, develop the commodities sector and the virtual assets trading section. Therefore, I ask all participants of the meeting to speed up the joint development of the Exchange's Financial Market Development Strategy and start its implementation this year".