Accessing and Using Green Finance in the Kyrgyz Republic
Evidence from a Household Survey
This report presents findings from a survey on green finance conducted among 1 000 households in the Kyrgyz Republic (Kyrgyzstan) in 2019. Although green finance is an emerging trend, knowledge about the appetite for green financial products and services in Kyrgyzstan is almost inexistent. The OECD prepared the household survey to close this gap in evidence. The research identified needs and demand from existing and potential clients of Kyrgyz financial institutions for financial instruments, including those that promote sustainable development. This will help commercial banks, policy makers and central bankers design more targeted interventions to increase access to and use of financial products and services, including green finance, in Kyrgyzstan.
Executive summary
The government of the Kyrgyz Republic (Kyrgyzstan) needs structural reforms to strengthen macroeconomic performance, reduce poverty and address challenges posed by human-made climate change. In recognition of these challenges, the government has set out the National Sustainable Development Strategy towards 2040. In addition, it has launched the Green Economy Program 2019-2023, which guides its transition towards an economy that is green and inclusive. Managing the COVID‑19 pandemic and its consequences presents the opportunity to accelerate this transition and embed principles to implement it into short and medium-term economic planning.