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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Kyrgyz Republic, the Benchmarking Public Procurement team referred to Law No. 72 of the Kyrgyz Republic On Public Procurement, dated April 3, 2015.
To conduct the analysis on Kyrgyz Republic, for the Public-Private Partnerships Procurement topic, the team referred to Law of the Kyrgyz Republic on Public-Private Partnership, dated February 22, 2012, Regulation on Preparation of Public-Private Partnership Projects, dated March 17, 2014, Regulation on Tender Commission for the Selection of Private Partners in PPP project, dated January, 28 2013, Procedure on Preparing Tender Rules and Tender Documentation on Public-Private Partnership Projects, dated January 28, 2013 No.39, and Regulation on the Use of Forms of Participation of the Private Partner in a Public-Private partnership, dated February 28, 2013.×