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Accessing and Using Green Finance in the Kyrgyz Republic

Evidence from a Household Survey

image of Accessing and Using Green Finance in the Kyrgyz Republic

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.

English

Foreword

The National Bank of the Kyrgyz Republic expressed interest in working with the Organisation for Economic Co‑operation and Development (OECD) on an analysis of household savings and investment behaviour. Ultimately, it wanted this analysis to help the Kyrgyz banking sector embed climate change into financial decisions and macroeconomic analysis. The bank monitors several indicators of financial sector breadth such as branch, automated teller machines and deposit penetration. Savings behaviour and the particular demands of the Kyrgyz population for financial products and services, however, are still little understood.

English

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