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.
Banking in the Kyrgyz Republic
This chapter describes the challenges facing the Kyrgyz banking system. It then briefly explains why financial access and use of formal financial instruments are important for economic development. It suggests ways to increase financial access in the Kyrgyz Republic. Several instruments are proposed to improve financial literacy; to provide affordable, targeted financial products by lowering credit risk, alleviating collateral constraints and pooling demand; to increase trust in financial institutions; and to improve access to physical banking infrastructure. Some of these instruments already exist in the country and could be scaled up. Others have worked in countries from the region and beyond, and could be adopted.
- Click to access:
-
Click to download PDF - 677.75KBPDF