Representatives of the AIFC Green Finance Centre visited Bishkek to promote the regional initiative on the Green Investment Principles for the Belt and Road (GIP)
From September 6 to 8, 2021, the Green Finance Centre as part of the AIFC delegation visited Bishkek (Kyrgyzstan), where it held a number of meetings with representatives of state bodies, the Union of Banks of Kyrgyzstan, as well as separate meetings with Optima Bank, RSK, Bakay Bank in order to establish cooperation in the field of sustainable finance and promote the regional GIP initiative.
It should be noted that in June of this year, the Centre has become the GIP regional office in Central Asia, within the framework of which it is planned to carry out activities to build the capacity of financial institutions through the GFLP program, assist developers of green projects in finding potential investors through the GIP platform and expand the scale of sustainable financing in the region.
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Following the meetings in Bishkek, an agreement was reached with the Union of Banks of Kyrgyzstan to conduct educational events in the field of sustainable finance and exchange experience in terms of stimulating business and developing a national green taxonomy.
The possibility of including green projects of the Ministry of Investment of the Kyrgyz Republic in the GIP database to attract thematic investors will be worked out.
Negotiations were held with the Kyrgyz Stock Exchange to exchange experience in the development of the green bond market, as well as the introduction of ESG reporting for exchange participants.
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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).
