CAT Climate Smart Facilitation Program

active

Climate Finance is considered as a priority area for each country (Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan). By improving the market for climate finance, by providing support to institutions to implement better procedures and by disseminating information to the financial sector, the Program will improve the ability of the CAT region to sustainably develop a climate finance market and begin to facilitate new climate financing. The program covers the following 3 activities to advance climate finance and build the capacity of the local banks in the CAT region: Activity 1: Business development, market scoping and sector studies in target countries to enable banks/FIs to understand the need for capacity building (such as climate/green finance, enhancing ESG framework, etc.) in order to capture the opportunity. Activity 2: Undertake an assessment of banks/FIs that would lead to identifying 3-4 potential banks/FIs for improving climate finance flows. Activity 3: Promoting climate/green finance strategies and products in the CAT region. Support regulatory authorities and the private sector through workshops and public awareness in the introduction of green financial products and other instruments (green bonds/ green taxonomy).