News of Central Asia

News of Central Asia17.05.2022

AIFC and UN to promote green financial instruments and investments in social and environmental projects in Kyrgyzstan

Astana International Financial Centre (AIFC) and the United Nations in the Kyrgyz Republic (UN) have agreed to jointly promote green financial instruments and investments in social and environmental projects, Qazaq Green reports.

The Agreement was signed by Chairman of the Management Board of the JSC "AIFC Authority" Yernur Rysmagambetov and the UN Resident Coordinator in the Kyrgyz Republic Ozonnia Ojielo.

The parties agreed to promote the AIFC and the Kyrgyz Republic as areas for investments, including through green financing instruments. In particular, the AIFC and the UN have agreed to use green finance instruments (green bonds, green loans, green Islamic securities) to invest in environmental projects.

Also, special attention will be paid to the development of the Islamic finance industry, the halal industry and staff in the field of Islamic finance.

Representatives of the AIFC and the UN discussed a wide range of issues, including human capital development, women's empowerment, and emphasized the importance of strengthening cooperation to ensure economic and social transformation and support the achievement of the Sustainable Development Goals (SDGs) by 2030.

         

Reference:  

The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus.

11.07.2025
Kazakhstan and UAE reaffirm strategic energy partnership with 1 GW wind project
11.07.2025
Solar becomes EU’s top power source for the first time ever
10.07.2025
How decentralised renewables transform healthcare services in rural Zimbabwe
09.07.2025
Chinese company to build solar and wind power plants in Kyrgyzstan
09.07.2025
Seaturns raises €2.45 million to industrialize wave energy technology and accelerate global rollout
09.07.2025
Trump signs executive order to end subsidies for wind and solar energy
08.07.2025
Uzbekistan's solar and wind power plants generate 5 Billion kWh since beginning of the year
08.07.2025
Green Corridor Alliance JV registered in Baku to promote green energy development in Central Asia and the South Caucasus
08.07.2025
In the EU renewable energy supply grew by 3.4% in 2024
04.07.2025
IRENA accepting renewable energy project proposals in Central Asia until August 15
03.07.2025
Astana to host Electronica Expo Kazakhstan Electronics Exhibition
02.07.2025
WB gives rundown of Azerbaijan's green energy grid volume prospects
02.07.2025
US solar sets new records as renewables nearly match natural gas – EIA
30.06.2025
‘Wings’ on poles: Bill Gates-backed breakthrough wind turbine facility breaks ground
30.06.2025
Perovskite tandem solar cell achieves new efficiency record
27.06.2025
Kazakhstan and China endorse draft SCO joint statement on sustainable energy development
27.06.2025
Innovative research on organic solar cells for space applications
27.06.2025
Kazakhstan and Uzbekistan drive green energy progress in Central Asia
27.06.2025
KazMunayGas launches pilot green hydrogen project in Atyrau
26.06.2025
How private homeowners in Kazakhstan can make money from solar panels