AIFC Green Finance Centre and JSC “SEC “Aqjaiyq” agreed on the creation of a regional project office of green finance in Uralsk
On July 7th, 2021 Manas Gijduaniev, Director of Business Development of the Center for Green Finance of AIFC, visited Uralsk, where he met with G. Yeskaliyev, Akim of the West-Kazakhstan region, and A Tokhtasunov, Chairman of the Board of JSC “SEC “Aqjaiyq”, to discuss opportunities for cooperation in the field of green and social finance.
As a result of the meeting, the parties agreed on the first stages of cooperation, in particular on carrying out special training by the Center of Green Finance AIFC for employees of JSC “SEC “Aqjaiyq” on sustainable finance instruments for further work in the framework of the planned to create a joint project office in Uralsk.
The purpose of this project office will be the implementation of environmental and social investment projects of the West Kazakhstan region through the introduction of financial instruments for sustainable development, such as green and social bonds, implemented on the site of the AIFC.
This measure will develop the market of financial instruments of sustainable development on the AIFC Exchange, as well as helping to attract the necessary investments to the region.
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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).
