NextGen Day

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has invested in the Bank for International Settlements (BIS) Asian Green Bond Fund (BISIP G3), which aims to help fund investments in green projects across the Asia-Pacific region, as part of its commitment to lead by example and redirect capital to address urgent global challenges.

BSP Governor Benjamin Diokno stated in a news release on Friday that the decision strengthens sustainability efforts and supports the sustainable central banking mission.

“The BSP’s involvement in the fund is projected to provide an additional source of return and investment diversification, keeping with our conservative approach to reserve management,” Diokno said.

In conjunction with development finance institutions and an advisory group comprised of various central banks, including the BSP, the BIS developed the Asian Green Bond Fund, a US dollar-denominated open-ended fund.

The fund provides a platform for central banks to invest their reserves in high-quality green bonds that satisfy internationally recognized standards, as well as supporting ecologically responsible projects in the Asia-Pacific area.

Previously, the BSP put USD550 million into the BIS USD Green Bond Fund (BISIP G1).

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---