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.
Background and relevance of the study
This chapter outlines the background to the OECD’s study and the household survey. It describes how the National Bank of the Kyrgyz Republic expressed interest in working with the OECD to source new evidence on the extent to which households access and use (green) financial products and services. It describes how the Kyrgyz National Sustainable Development Strategy for 2018-2040 and the Green Economy Program contain targets on sustainable finance. Finally, the chapter presents the socio-economic context of the Kyrgyz Republic, and outlines how the banking sector could help the country achieve its sustainable development goals.