On February 14, 2024, a round table was held organized by the State Development Bank of the Kyrgyz Republic and the United Nations Development Program with the participation of representatives of the Union of Banks of Kyrgyzstan, as well as government agencies, financial institutions and international organizations:

– Ministries of Economy and Commerce,
– Ministries of Natural Resources, Ecology and Technical Supervision,
– The Center for Climate Finance under the Cabinet of Ministers of the Kyrgyz Republic,
– Kyrgyz Stock Exchange,
– JSC Dos-Kredobank,
– JSC “Guarantee Fund”,
– Green Economy Financing Programs in Kyrgyzstan (GEFF/KyrSEFF),
– Community Development and Investment Agencies of the Kyrgyz Republic.

The participants discussed the importance of creating a green financing mechanism, namely the creation of a Green Financing Fund and the role of the State Bank as the manager of the Green Financing Fund.

“Now green financing is not just a trend, it is a necessity. Our activities affect the environment and society, therefore we must develop, observing the principles of respect for the environment and man. In this regard, I would like to encourage the participants of the round table to actively discuss, as this platform is a unique opportunity not only to exchange views, but also to take real first steps to create a truly working mechanism for the development of a green economy. The State Bank is open to partnership and active cooperation with government agencies, banks, foundations and other institutions specializing in green financing. This will give us all access to experience and knowledge in this field. Together we will be able to achieve greater results than individually,” said Deputy Chairman of the State Development Bank Myktybekova A.K., welcoming the participants of the round table.

During the round table, the participants were presented with an overview of the concept of the green financing mechanism based on the Green Financing Fund, the Green Financing Fund management system, the main products of financing green projects, the stages of selection and the organization of operational activities of the Green Financing Fund manager.

The participants of the round table noted the relevance of the topic being raised and expressed their willingness to assist in the development of a green financing mechanism that should be applicable in practice.