New strategic partner of the AIFC Green Finance Centre

Nur-Sultan, September 29, 2021 – A delegation from the Republic of Bashkortostan, headed by Radiy Khabirov, visited the Astana International Financial Centre as part of an official visit to the Republic of Kazakhstan.

Representatives of the delegation held a number of bilateral meetings with the heads of the AIFC bodies. A.K. Kazybayev, CEO of AIFC Green Finance Centre Ltd., and V.G. Kulikov, Director of the International Fund for Technological Development, discussed the possibility of signing a framework Agreement on strategic partnership in the near future.

This Agreement will make it possible to attract funds from the International Fund for Technological Development for the introduction of green technologies in Kazakhstan and the Russian Federation through expertise and in accordance with the taxonomy developed by the Green Finance Centre. In addition, the parties will develop joint programs for financial and technological support of industrial enterprises that are switching to ESG principles.

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The Astana International Financial Centre (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Management council of the AIFC during the council’s meeting on July 2, 2020 approved the Centre’s development strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.

The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.”

For more information about the AIFC, follow the link www.aifc.kz

The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds. In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).

The International Fund for Technological Development was established by the Government of the Russian Federation on November 21, 2019. The founders of the Fund are the Government of the Russian Federation and the International Bank for Economic Cooperation. The financial resources of the Fund are directed to the implementation of projects for the transfer of advanced industrial technologies that have a systemic effect on the development of the green economy of Russia.