IMPROVING THE EFFICIENCY OF BANKS’ GREEN FINANCING IN UZBEKISTAN AND KAZAKHSTAN
DOI:
https://doi.org/10.5281/zenodo.19824969Keywords:
green finance, commercial banks, ESG, sustainable development, lending, environmental risks, financial system.Abstract
This article analyzes the issues of improving the efficiency of green financing in the banking systems of Uzbekistan
and Kazakhstan. The study examines the role of commercial banks in green lending, the integration of ESG (Environmental,
Social, Governance) factors, and identifies existing challenges and solutions based on international experience.
Using empirical and analytical approaches, key directions for the development of green finance are identified and practical
recommendations are proposed.
References
OECD. (2023). Financing Uzbekistan’s Green Transition: Analysis of Capital Market Development and Green Bond
Potential.
International Finance Corporation. (2021). Uzbekistan: Ready for a Green Future.
AIFC Green Finance Centre. (2023). Green Finance Market in Kazakhstan.
The Astana Times. (2024). Why Sustainable Finance is Vital for Central Asia’s Growth.
World Bank. (2024). Banking the Transition in Kazakhstan.
Astana International Financial Centre. (2024). State of Sustainable Finance in Central Asia.
Green Central Banking. (2025). China’s Green Financial Regulation.
Green Finance Platform. Information on Bangladesh’s green finance policy and outcomes.
SWITCH-Asia. Information on green finance policy and implementation outcomes in developing economies
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