The AIFC Green Finance Centre will provide consulting support to the state bodies of the Republic of Belarus on the selection of green projects for the subsequent search for green financing instruments
On August 23, 2021, the CEO of the AIFC Green Finance Centre (hereinafter referred to as the Centre) Aidar Kazybayev and the Chief Business Officer of the Centre Manas Gizhduaniyev visited the city of Minsk on a business trip, where they held a meeting with the Minister of Finance of the Republic of Belarus Y.Seliverstov and the Deputy Minister of Finance of the Republic of Belarus O.Tarasevich in order to discuss issues on the placement of the debut green bonds of the Ministry of Finance of the Republic of Belarus.
In addition, representatives of the Centre took part in a meeting of the working group on green financing of the Republic of Belarus, whose job is to select eligible green projects for further financing within the framework of the planned green bonds issue of the Ministry of Finance of the Republic of Belarus.
As a result of meetings, an agreement was reached on the provision of consulting support from the Centre to state bodies of the Republic of Belarus on the selection of green projects for the subsequent search for green financing instruments. Thus, in this direction, the Centre plans to analyse the environmental programs of the Republic of Belarus, as well as to determine the volume and possible sources of funding, thereby this work will provide the necessary practical support to the Republic of Belarus in the implementation of the main provisions of the Paris Agreement.
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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).
