Place strategy

Astana takes 1st place in the Global Green Finance Index: November 1, 2022, 07:15

ASTANA. KAZINFORM In the 10th published edition of the Global Green Finance Index (hereinafter – GGFI), Kazakhstan, represented by the Astana International Financial Center (hereinafter – AIFC), took first place among the countries of Europe East and Central Asia for the fifth year in a row.

GGFI 10 assesses 84 financial centers around the world, combining assessments of the depth and quality of green finance in these centers by financial specialists with quantitative data that constitute instrumental factors, reads the official website of the GGFI 10. ‘AIFC.

The GGFI is an assessment index based on a number of instrumental factors – quantitative indicators and a global survey of finance professionals’ assessments of the quality and depth of green finance offerings in financial centres. The GGFI serves as an indicator of green finance development for policy and investment decision makers.

AIFC Green Finance Center (hereinafter – GFC) was established in Kazakhstan for the development of green finance, which is engaged in the introduction and development of sustainable financing tools and attracts investment in environmental projects and social issues in Kazakhstan and Central Asia. GFC has introduced the definitions of green finance and the green taxonomy (a classification of economic activities and projects that meet technical screening criteria) into national environmental legislation.

In the overall GGFI rating, Kazakhstan ranks 54th in the world.

Reference:

Astana International Financial Center (AIFC) is an independent jurisdiction that started its activities in 2018. In line with the development strategy until 2025, the main objective of AIFC is to consolidate itself as a platform. universal form linking the countries of the EAEU, Central Asia and the Caucasus.

www.aifc.kz

The AIFC Green Finance Center is a subsidiary organization of the AIFC Authority and the Eurasian Development Bank, which aims to introduce and develop sustainable finance instruments and attract investment in environmental and social projects in Kazakhstan and Central Asia.

The AIFC Green Finance Center supported the first-ever green bond issuance and the first verified green loan in Kazakhstan. In addition, the Center has introduced definitions of green finance and green taxonomy (a classification of economic activities and projects that meet technical screening criteria) into national environmental legislation. The new legislation provides incentives for entrepreneurs who use green financing instruments.

www.gfc.aifc.kz

Photo: aifc.kz

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