BISHKEK, Kyrgyzstan, March 26. Eldik
Bank OJSC has received accreditation from the Green Climate Fund
(GCF), becoming the first bank in the Kyrgyz Republic to achieve
this status, Trend
reports via the bank.
The decision was approved by the GCF Council during
its recent regular meeting. Accreditation confirms that an entity
meets international standards in areas such as corporate
governance, environmental and social safeguards, fiduciary
management, and the capacity to design and execute climate-related
investments.
For Eldik Bank, this grants direct access to GCF
financing resources, bypassing some intermediary steps required for
non-accredited institutions. It opens avenues for channeling
long-term international funds into Kyrgyz projects focused on
climate resilience, renewable energy, energy efficiency,
sustainable infrastructure, and related sectors. Prior to this, the
country's only GCF-accredited direct access entity was the
Community Development and Investment Agency of the Kyrgyz Republic
(ARIS), accredited in March 2024.
The bank has been actively preparing for this step,
including through partnerships such as a 2025 Memorandum of
Understanding with the United Nations Development Programme (UNDP)
to build capacity in green and climate finance, integrate ESG
standards, and support Kyrgyzstan’s updated Nationally Determined
Contributions (NDC 3.0) under the Paris Agreement.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
