BAKU, Azerbaijan, December 15. On December 15,
Azerbaijan's Ministry of Finance hosted the first meeting of a
working group established to prepare a framework for sovereign
green bond issuance, Trend reports via the ministry.
The session was attended by senior officials and heads of
relevant departments within the ministry. The working group, led by
Anar Karimov, First Deputy Minister of Finance, focused on measures
aimed at enhancing ecological sustainability, mitigating the
impacts of climate change, and expanding the use of green financing
instruments in Azerbaijan.
Karimov emphasized that developing a robust green finance
infrastructure in the country will provide a foundation for future
sovereign green bond issuance.
The meeting also examined international practices for green bond
issuance and discussed how such initiatives could be implemented in
Azerbaijan. Experts from the Asian Development Bank (ADB) outlined
the stages and key focus areas for issuing sovereign green
bonds.
The working group was tasked with preparing the framework
document for Azerbaijan’s sovereign green bonds and defining
criteria for selecting environmental projects to be financed
through these bonds.
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