In Issyk-Kul, Development Fund Money to Be Directed Toward Student Education and Official Housing

In the Issyk-Kul region, funds from the regional Development Fund are now permitted to be directed toward paying for students' education, as well as the construction and purchase of official housing. Resolution No. 754 of November 12, 2026 was signed by Chairman of the Cabinet of Ministers Adylbek Kasymaliev.

The document amends the regulation on the Issyk-Kul Region Development Fund that has been in force since 2011. The amendments concern funds coming from Kumtor Gold Company: after deductions of 1 percent, the Central Treasury of the Ministry of Finance must, within 3 working days, convert the received dollars into soms and transfer them to a special treasury account of the fund. All incoming funds — 100 percent — are directed toward the further socio-economic development of the region.

Fund money can be used to pay for the education of contract students. The condition is a contract under which the graduate undertakes to work in the territory of the Issyk-Kul region for at least 5 years. This way the region will be able to finance the training of specialists with their subsequent employment in the region.

Funds may now be used for the construction or purchase of official residential houses and apartments. In addition, the possibilities for financing business projects that contribute to the socio-economic development of the region and the formation of budget revenues have been expanded: such projects must be approved by the fund's supervisory board, and their designated purpose can be changed only with the consent of the board.

The resolution will enter into force in 10 days.