Country
Kyrgyzstan
Local project partner
National Bank of Kyrgyzstan
German project partner
--
Donor
GIZ
Duration
01.06.2024 - 30.11.2025
The aim of the project is to support the National Bank of the Kyrgyz Republic in introducing ESG principles in the financial sector and financial institutions in developing a transition plan for the implementation of ESG regulations and the introduction of sustainable financial services. The JIA Business Association and the Association of Social Entrepreneurs will be prepared to train SMEs in rural areas to understand sustainable management as an opportunity for long-term success and to align their business planning accordingly.
DSIK will support the Kyrgyz National Bank in developing ESG risk management rules and assist two partner financial institutions with detailed ESG transition plans. These plans will help institutions meet ESG regulations and provide financial services to promote the ecological transformation of MSMEs, especially in rural areas. Additionally, DSIK will enable the JIA Business Association and the Association of Social Entrepreneurs to train rural MSMEs on ESG lending requirements and sustainable management for long-term success. In addition, the National Bank and two partner banks will be supported in the introduction and adaptation of the financed emissions tool.
Tasks
- Kyrgyzstan has set itself the goal of significantly reducing greenhouse gas emissions by 2030, but faces the challenge of establishing principles for green financing, especially for rural MSMEs.
- The financial sector can drive change and provide stability by financing climate-friendly investments and taking climate impact into account in decision-making.
