Azerbaijan-Kyrgyz Development Fund considering $80M worth of projects

The Azerbaijan-Kyrgyz Development Fund is currently evaluating projects valued at a total of $80 million, Almaz Mambetov, the fund’s chief, said, Reports informs, referring to the Kyrgyz media.

“These initiatives are under consideration. We may send them back for further refinement or reject them. The majority of projects are focused on bolstering the tourism sector,” Mambetov stated.

He further explained that the fund’s board of directors deliberates on projects valued at up to $1 million. Decisions regarding more substantial projects exceeding $1 million also fall under the purview of the board.