On July 10, the National Investment Agency under the President of the Kyrgyz Republic, Vasta Discovery LLC, and the Eurasian Development Bank (EDB) signed a trilateral Memorandum of Cooperation on the construction of the Baytik mountain resort, an all-season tourism cluster in Kyrgyzstan’s northern Chui region.
The EDB will act as the project’s creditor but the amount of the planned investment has yet to be declared.
Following the signing of the agreement, Sergey Ignatov, EDB’s Senior Managing Director stated, “As a multilateral development bank, the EDB performs its…