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Written by 12:00 am General

Project on green financing to be developed in Kyrgyz capital

The Agency for Development and Investment Attraction of Bishkek Mayor’s Office and the Green Finance Center Company (GFC Bishkek) signed a cooperation agreement.The press service of the Mayor’s Office reported that the sides agreed to assist in the dev…

The Agency for Development and Investment Attraction of Bishkek Mayor’s Office and the Green Finance Center Company (GFC Bishkek) signed a cooperation agreement.

The press service of the Mayor’s Office reported that the sides agreed to assist in the development of green finance in the city by attracting the above-mentioned company to develop, conduct relevant business consultations, services and achieve effective results in the implementation of the development program “Bishkek – 2026. Well-maintained and green capital”, interaction with international financial institutions and funds, exchange of best practices and knowledge in the field of investment in green finance.

Thus, the green project must comply with one of three areas – preventing climate change (reducing carbon emissions), conservation of natural resources and biodiversity, reducing pollution in Bishkek.

Green financing represents monetary assistance and support in economic activities, including the issue of municipal green bonds, which will be aimed at working to improve nature, ecology, and the environment.

Source: Kyrgyz National News Agency

Last modified: August 3, 2022