The Bank for International Settlements (BIS) announced the development of an Asian Green Bond Fund, in collaboration with the development financing community, to channel global central bank reserves to green projects in Asia Pacific. In consultation with the global central banks, the Fund will be designed to provide a pipeline for central banks to invest in high-quality bonds issued by sovereigns, supranational, and corporates that comply with strict international green standards. The Fund will work closely with the Asian Development Bank (ADB) and other development financial institutions as well as other issuers. The BIS Asian green bond fund will be launched in early 2022 and will complement two green bond funds already launched by the BIS over the past two years, one of which is denominated in dollars while the other in euros.
Related Link: Press Release
Keywords: International, Asia Pacific, Banking, Securities, Central Banks, Asian Development Bank, Green Bond Fund, ESG, Sustainable Finance, BIS
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