When will the law on green bonds come into force in Azerbaijan?

16:36 - 3.10.2024


October 3, Fineko/abc.az. Banks account for 95% of Azerbaijan's financial sector, ABC.AZ reports, quoting CBA chairman Taleh Kazimov during his speech on the 4th day of the Baku Climate Week.

He said that the green bond law will come into force by the end of this year.

Kazimov added that green bonds will allow participants in the real sector to diversify their financial channels.

"As for the concept of a green bank, I want to note that the banks have voluntarily assumed financial obligations," he emphasized.