(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, September 4. The United
Nations Economic and Social Commission for Asia and the Pacific
(ESCAP) is collaborating with Tajikistan to accelerate financing
for climate adaptation and mitigation initiatives in the country,
Hamza Malik, Director of the Macroeconomic Policy and Financing for
Development Division at ESCAP, said, Trend reports.
According to the UN, he made this statement at the opening of
the training session titled“Sustainable Finance Instruments:
Training on Thematic bond Issuance” in Tajikistan.
For these purposes, ESCAP is collaborating with the Agency for
Securities Market Development and Special Registration of
Tajikistan, the UN RCO, and the Luxembourg Green Exchange.
“The Green Bond Issuance Training serves as a critical resource
to raise awareness about how innovative financing instruments,
particularly Green Bonds, can be leveraged to effectively pursue
the Sustainable Development Goals (SDGs) and NDC ambitions,” he
said.
In turn, Parvathy Ramaswami, UN Resident Coordinator in
Tajikistan, pointed out that taking advantage of green, social,
sustainable, and transition bonds (GSS+) requires clear guidelines,
standards, and a regulatory framework to create a favorable
environment, as well as capacity-building among relevant
participants involved in bond issuance.
According to Nigina Abdurakhmonzoda, Director of the Agency for
Securities Market Development and Special Registration of the
Ministry of Finance of Tajikistan, Tajikistan has been taking steps
to establish a green bond market in 2024, with a focus on
developing its corporate segment.
“Through our valuable partnership with the UN, we are committed
to continue exploring opportunities to mobilize public and private
finance towards climate action, including through the issuance of
green bonds. I strongly encourage partners to join us in these
efforts to boost sustainable finance in Tajikistan in the pursuit
of a greener economy,” she said.
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