AIFC Green Finance Centre continues to work on cooperation with regions on the implementation of environmental and social investment projects

On October 8, 2021, the AIFC Green Finance Centre and JSC “SEC “Aktobe” signed an Agreement on joint activities without the formation of a legal entity (consortium).

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October 11, 2021. The Center for Green Finance of the AIFC and JSC “SEC “Aqjaiyq” signed an agreement on joint activities without the formation of a legal entity (consortium).

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The implementation of this activity will be carried out in the format of a green finance project office in the cities of Aktobe and Uralsk.

The purpose of creating these project offices is to implement environmental and social investment projects of Aktobe and West Kazakhstan regions through the introduction of financial instruments for sustainable development, such as green and social bonds, implemented at the AIFC site.

This measure will allow to develop the market of financial instruments for sustainable development on the Astana International Exchange (AIX), and will also assist in attracting the necessary investments to the region.

 

Reference:

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).

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