The Kyrgyz Republic has substantial deposits of coal and gold and remains a substantial part of the economy. In 2013, the flagship Kumtor gold mine produced 600,000 ounces, the lion's of the country's gold (source: Centerra Gold).
According to Kyrgyz Republic's 2012 EITI Report (its latest), mining constituted about 11% of budget revenues, about 7% of GDP and 44% of total exports for the Kyrgyz Republic. Lack of infrastructure and investment is hindering the exploitation of coal, tin and tungsten deposits.
The government is attempting to improve the business climate to attract foreign investment. It aims to increase revenues from the extractive industries through diversification of the sector and integration into the world economy. (Source: National Sustainable Development Strategy.) Relations with China have intensified in recent years, and there are plans to construct a pipeline transporting Turkmen gas from Kyrgyzstan to China.
Implementation activities in Kyrgyzstan are currently focused on preparations for Validation that is due to commence 1 October 2015. The latest EITI report covering the year of 2012 was published in April 2014. As in previous years, the KEITI Secretariat has produced a summary report with contextual information about the extractive sector's contribution to the economy, licenses and production volumes. Building trust between government, companies and civil society is a key issue in Kyrgyzstan. The NGO Tree of life hosts an online forum for discussing natural resource governance, including EITI. It additionally has six public reception centres to inform local communities about mining activities.
On 23 December 2013, the KEITI Supervisory Board adopted the 2014-2015 workplan (available below in English, and here in Russian). The workplan foresees a number of new activities including monitoring local extractive industry funds for development, monitoring the use of resources allocated for environmental protection, contract transparency, reviewing the allocation of licenses, reporting on the indirect contributions of the mining sector to the economy, and establishing a reporting mechanism for transparency in the use of extractive industry funds allocated for infrastructure investments.
Kyrgyzstan has also agreed to participate in the beneficial ownership pilot project and completed their Scoping Note (also available in Russian) in early July 2014. In September 2015 the Supervisory Board presented Evaluation Report of the beneficial ownership pilot in Russian.
- In June 2011, the government of the Kyrgyz Republic decided to establish the Fuel and Energy Sector Transparency Initiative (FESTI), partially modelled on the EITI. FEISTI aims to increase transparency and accountability in the energy sector. It has its own Supervisory Board and a secretariat located within the Ministry of Energy.
- The EITI Reports include payments to the social and environmental charges.