AIFC report “State of Sustainable Finance in Central Asia” has been launched in Bishkek

AIFC Green Finance Centre as a GIP Regional Office in Central Asia together with Chengdu Municipal People’s Government and the Ministry of Economy and Commerce of the Kyrgyz Republic co-hosted “Belt & Road Investment Partnership: Enhance the Financial and Industrial Cooperation between Central Asia and Western China” roundtable on May 31 in Bishkek, Kyrgyzstan.  

The event was co-organised by Chengdu Financial Regulation Authority, Kyrgyz Stock Exchange and supported by China Innovation Finance Institute, Federation of International Financial Centres & International Innovation Centres. 

The event featured a special report on state of sustainable finance in Central Asia developed by GIP Regional office in Central Asia in cooperation with stakeholders in the region. 

“We sincerely hope to have in-depth exchange with Central Asia around the fields of cross-border investment, green finance, and financial technology along the Belt and Road, deeply linking resources, jointly promoting trade exchanges of enterprises, and high-quality financial services along with high-quality regional development”, – said Wang Fengchao, Mayor of Chengdu Municipal Government.  

Tchoro Seyitov, First Deputy Minister of Economy and Commerce of the Kyrgyz Republic mentioned that the Program for medium and long-term development of trade and economic cooperation between the Cabinet of Ministers of the Kyrgyz Republic and the Government of PRC until 2030 was signed in 2022. Parties will cooperate on various priority areas, including trade, agriculture, investment, finance, transport and logistics, innovative and green technologies. 

Meanwhile Daniyar Kelbetov, Chief Product Officer of AIFC Authority, Chairman of the Board of Directors of the AIFC Green Finance Centre said: “Total volume of Chinese investments in Central Asian countries has exceeded 40 billion US dollars and this is an area where we could strengthen our cooperation. With its unique legal status, based on the principles of English law, the AIFC creates a favorable environment for investors and entrepreneurs, ensuring reliable protection of their rights. This month, AIFC Green Finance Centre, as a GIP Regional office in Central Asia, prepared the first thematic report on the development of sustainable finance in the region, which we believe will be a valuable resource for both local stakeholders and investors”.  

The report “State of Sustainable Finance in Central Asia” is available here.