On November 4, 2021, the AIFC Green Finance Centre held a webinar on “Public-private partnerships for sustainable development” in cooperation with the AIFC Business Connect Ltd. and Unicase Law Firm.
Speakers at the webinar made presentations on the legal regulation of public-private partnership projects in the Republic of Kazakhstan, structuring public-private partnership projects in the AIFC, as well as public-private partnership as a form of raising funds for the implementation of sustainable projects.
Nurlan Kubenov, Senior Associate at Unicase Law Firm, made a presentation on overview of the legal regulation of PPP projects in Kazakhstan and spoke about the development of PPP legislation in Kazakhstan, the legal basis for PPP, the main differences between PPP and concession, as well as recent changes in PPP legislation.
Elena Ten, Senior Manager of the Investments Department of AIFC Business Connect Ltd., made a presentation on structuring public-private partnership projects in the AIFC. Elena made a detailed presentation on the AIFC privileges for structuring PPP projects, defining the project structure, internal review and verification of projects, as well as instruments for successful project implementation.
Roza Nurtazina, Financier of the AIFC Green Finance Centre Ltd., presented the topic of public-private partnership as a form of raising funds for the implementation of sustainable projects. Roza spoke about the types of sustainable finance instruments, the eligible green project categories, the benefits of issuing green bonds, the social project categories, the green bonds issuance process and gave examples of bond financing in the foreign countries.
The webinar recording is available here. (Access code: M05@4%QC)
The AIFC Green Finance Centre is highly interested in organising webinars for the public and will continue its work to raise awareness in the field of green finance.
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The Astana International Financial Centre (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Management council of the AIFC during the council’s meeting on July 2, 2020 approved the Centre’s development strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.”
For more information about the AIFC, follow the link www.aifc.kz
The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds. In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
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