Aidar Kazybayev, the Chief Executive Officer of the AIFC Green Finance Centre, took part in the expanded meeting of the Supervisory Board of the Financial and Business Association of Euro-Asian Cooperation. The meeting was held on December 8, 2021, at the EEC under the chairmanship of the Member of the Board (Minister) in charge of Economy and Financial Policy of the Eurasian Economic Commission, Ruslan Beketaev with the participation of the Association of Banks and the business community of the EAEU countries, as well as representatives of the Moscow Exchange.
Having presented in detail the work of the Centre within the framework of the panel session on the topic of “The future of the financial markets of the EAEU: green financing and digitalization”, A. Kazybaev made several proposals on possible prospects for cooperation with the FBA EAC and the EEC. In particular, on the development of joint ESG programmes, the provision of services for the verification of sustainable financing projects, as well as joint research and seminars in the field of green and social finance.
As a result of the meeting, the agreement was reached to hold the next meeting of the Advisory Committee on Financial Markets at the AIFC site in the first quarter of 2022 with the participation of all representatives of the EAEU member states in person.
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The Astana International Financial Centre 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 Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020.
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 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).
FBA EAC is a public non-governmental organisation. Currently, the FBA EAC unites financial, banking and business unions of entrepreneurs, commercial organisations and banks, public and research and production associations from 23 Eurasian countries. The main goal of the Association is to meet the needs of national markets participants - members of the Association in organising favorable conditions for their effective business activities in the territory of Eurasian countries.
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