A training session dedicated to the implementation of green financing took place in Bishkek, organized by the Ministry of Economy and Commerce of the Kyrgyz Republic in collaboration with the Global Green Growth Institute (GGGI) and the German Society for International Cooperation (GIZ).
According to the Ministry of Economy, the purpose of the event was to familiarize participants with the principles of sustainable financing and the implementation of ESG approaches (environmental, social, and governance criteria), as well as to prepare banks for working with environmentally friendly financial products.
During the training, the Ministry of Economy presented a strategic plan for transitioning to a "green" economy and shared key achievements: the approval of a new program for the development of a "green" economy, the launch of a pilot project for "Green" taxonomy, and the creation of a Green Financing Fund. Ministry specialists actively participated in panel discussions, where they discussed the role of the state in developing "green" financial infrastructure.
Training participants also learned about the results of an analysis of banks' capabilities, the basics of sustainable financing, and methods for integrating ESG processes. Experts from GGGI, PwC, and S&P presented international experience and tools for assessing sustainability.
This project plays a significant role for Kyrgyzstan, as it contributes to strengthening the financial system, enhancing investment attractiveness, and accelerating the transition to a "green" economy. It helps banks adapt to new market requirements, while the government develops effective mechanisms to support environmentally significant initiatives.
