Authorised IMDS & CDX Training & Consulting partner for
- Boosting Sustainable Finance: UN agencies support Tajikistan in launching a green bond market to mobilize funds for climate goals.
- Training for Transformation: A new training initiative aims to enhance the capacity of future bond issuers and stakeholders in Tajikistan.
- Collaborative Efforts: Partnerships focus on building a favorable environment for green, social, and sustainable bonds in Tajikistan.
To improve sustainable finance in the nation, the UN and the government of Tajikistan are working together to create a green bond market. Specialised training on the issuance of thematic bonds is being offered by the Luxembourg Green Exchange in collaboration with the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the UN Resident Coordinator Office (RCO), and the Agency for Securities Market Development and Special Registration of Tajikistan.
Countries must issue green, social, sustainability, and sustainability-linked (GSS+) bonds in order to raise the funds necessary to meet their climate change objectives. As stated in its Green Economy Strategy for 2023–2037, Tajikistan has made adaptation and mitigation of climate change its main priorities. The financial shortfall, which is projected to require about 7% of Tajikistan’s GDP, might be filled in part via thematic bonds.
The program also addressed issues including lower awareness, lower capacity, and greater issuance costs that the issuers of thematic bonds confront. The UN Resident Coordinator, Parvathy Ramaswami, emphasised the need for stakeholders to develop their competence while pointing out the requirement of precise rules and a regulatory framework to assist green finance.
Together with partners, ESCAP, UN RCO, and the Tajikistani government are resolute in their efforts to promote sustainable finance and strengthen resilience in the country, opening up new avenues for a more environmentally friendly future.