The State Development Bank signed a memorandum of cooperation with the Tourism Development Support Fund.
The signing of the memorandum is aimed at strengthening the partnership between the financial institution and the tourism industry, as well as creating conditions for the implementation of promising projects that will enhance Kyrgyzstan’s investment attractiveness.
During the meeting, the parties discussed opportunities for further cooperation, including:
- support for infrastructure projects in tourist regions;
- development and implementation of financial instruments for the development of entrepreneurship in the tourism sector;
- implementation of initiatives aimed at expanding and developing various types of tourism;
The parties expressed confidence that the signed memorandum will be a step toward the formation of effective mechanisms for supporting tourism and the implementation of projects of strategic importance for Kyrgyzstan.