News

DEVELOPMENT OF GREEN FINANCE PRODUCTS IN THE TOURISM SECTOR

On December 25, 2023, MCC “Bailyk Finance” took part in the Conference “Promotion of sustainable tourism and the introduction of voluntary environmental certification in Kyrgyzstan – “Eco.Kg”

The project “Promoting Energy and Resource Efficiency in the Tourism Industry of Kyrgyzstan” (PERETO), implemented with financial support from the European Union, within the framework of the SWITCH-Asia program, is designed to promote sustainable tourism and the introduction of voluntary environmental certification ECO KG in Kyrgyzstan.

During the event, conditions were created for discussing the prospects for the development of sustainable tourism in Kyrgyzstan. Representatives of government agencies, the private sector, business associations, the expert community and financial institutions identified the vector for further development and outlined ways to unite the efforts of stakeholders in promoting sustainable tourism.

General Director of MCC “Bailik Finance” Moldazhanova Chinara Darkenbaevna made a presentation of the “Green Credit” product, developed for entrepreneurs in the guest sector and tourism.

Green financing products will support entrepreneurs in purchasing equipment for yurt camps, guest houses, camping sites, outdoor tours and carrying out renovations using energy efficient approaches, which will significantly reduce heating costs. The training videos developed by the Company on carrying out repair work using energy-efficient materials and renewable energy sources will be a good help for entrepreneurs to carry out repairs themselves.

The company, as part of the implementation of its ESG strategy, further plans to support entrepreneurs in the tourism sector and raise awareness of the use of “green approaches” in the implementation of business activities, thereby reducing the negative impact of the business sector on the environment.