Turkmenistan Discusses Green Finance With Astana International Financial Center

Turkmenistan Discusses Green Finance With Astana International Financial Center

Deputy Foreign Minister of Turkmenistan Vepa Hajiyev and Chairman of the Green Finance Centre of the Astana International Financial Center AIFC Aidar Kazybayev in a meeting on Friday in Ashgabat discussed issues of bilateral cooperation in the sphere of green finance.

The discussions held during the working visit of Aidar Kazybayev to Ashgabat included exchange of specialists, as well as possibility of working out the issue of issuance of special certificates for compliance of Arkadag city with the Green City and Smart City criteria, according to the press release issued by the Ministry of Foreign Affairs of Turkmenistan.

The sides also discussed issues related to the greening of the coast and the development of ecotourism in the Aral Sea area by attracting private investment, as well as the development of green carbon.

During the visit, the delegation led by Aidar Kazybayev also held talks at the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET).

The SCRMET representative Serdar Berdiyev acquainted the Kazakh guests with the products presented on the Exchange, and the procedure and fees for the acquisition of brokerage seats. Guests also received information on the types of contracts that are subject to registration on the SCRMET, according to the SCRMET press release.

Aidar Kazybayev informed the Turkmen side about the work carried out by the organization, and invited them to visit Kazakhstan to exchange experiences and establish productive interaction.

AIFC Green Finance Centre Chair also held talks with the Head of the Türkmenhimiýa (Turkmen Chemicals) State Concern Niyazli Niyazliyev. The main purpose of this visit is to develop areas and tools of "green" financing in the concept of sustainable development of the country's economy, the AIFC said in its press release.

The visit of an AIFC delegation to Ashgabat was organized at the initiative of the Kazakh side. The priority goal of the Center is to develop a balanced capital market and assist municipalities and other government agencies in attracting extra-budgetary funds into sustainable development projects.

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