(Read the full article on astanatimes.com)

Kazakhstan has entered the Global Green Finance Index 7 (GGFI), which measures the progress of green financial products across 124 international financial centers, according to the press service of the Astana International Financial Center (AIFC), The Astana Times reported.

The GGFI was launched by the London-based Z and Yen Group think tank and Finance Watch NGO. This year, the authors researched 124 financial centers. The number of centers in the index has increased to 78 (from 74 in GGFI 6) with the addition of Busan, Nur-Sultan, Almaty, and Bahrain.

In his opening remarks, Andy Sloan, a Chair of the Guernsey Green Finance, noted that the index will encourage and inspire other financial centers to channel capital flows to the areas of greatest need and empower strategic action.

According to The Astana Times, Nur-Sultan and Almaty have joined the index at the top of the Eastern Europe and Central Asia region. Nur-Sultan ranks 57th in the world and Almaty ranks 62nd along with Liechtenstein, Jakarta and Cape Town.

“Entering the GGFI index, moreover, being at the front of the line among Eastern Europe and Central Asia, is an important milestone for the AIFC, meaning that the financial center is moving in the right direction. The financial system and country’s economy are systematically moving towards sustainable development, and the AIFC will continue to promote progress in this direction,” said AIFC Governor Kairat Kelimbetov.