BAKU, Azerbaijan, August 3. Agency for Development of Bishkek and Investment Attraction under the Bishkek City Hall and the Green Financing Center (GFC Bishkek) signed a cooperation agreement, Trend reports citing the Bishkek City Hall.
The parties came to an agreement to assist in the development of 'green finance' in Bishkek, by conducting relevant business consultations, services and achieving effective results, as part of the implementation of the projects of "Bishkek - 2026 a prosperous and green capital” program.
Within the framework of the collaboration, interaction with international financial organizations and funds, exchange of best practices and knowledge in the field of investment in 'green finance' will be done.
The green initiative should correspond to one of three directions:
- mitigating climate change (lowering carbon emissions);
- preserving biodiversity and natural resources;
- reducing pollution in Bishkek.
Green financing project provides financial assistance and support in the issuance of municipal 'green bonds', which will be aimed at improving nature, ecology, and the environment.