Issyk-Kul Fund finances projects worth over 572 million soms in six months

The Issyk-Kul Development Fund has injected 572.1 million soms into regional projects during the first six months of 2026. This funding supports the socio-economic development of the Issyk-Kul region in Kyrgyzstan.

According to the fund's management report, it received a total of 810.6 million soms from the Kumtor Gold Company and another 125.2 million soms from its own revenue-generating projects. The fund's financing plan for the first half of the year was 1.438 billion soms, and it achieved 95.4 percent of this target.

Funds were allocated to various initiatives, including 31.9 million soms for equity participation in 15 projects and the acquisition of specialized equipment through leasing. Additionally, 104.4 million soms were disbursed as a second tranche of interest-free, repayable loans to 21 entrepreneurs.

Notable projects supported include a glamping site in the village of Kerege-Tash, Ak-Suu district, which received 5 million soms in interest-free loans for construction materials and equipment. Another recipient was a modern sewing workshop in the Ak-Suu district, granted 4.5 million soms in similar loans, now employing 10 people.

The fund reported a growing number of applications for new projects, exceeding the projected financial resources for 2026. Established in 1997, the Issyk-Kul Development Fund receives 1 percent of Kumtor Gold Company's gross revenue, as per an agreement aimed at fostering regional growth.