17:21 - 2.10.2025

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October 2, Fineko/abc.az. The Asian Development Bank (ADB) is considering the possibility of launching a pilot issue of "green bonds" in Azerbaijan, ABC.AZ informs, quoting ADB Vice President Bhargav Dasgupta.

The vice president stressed that ADB is keen to support Azerbaijan in strengthening its capital markets which is key to mobilizing long-term finance and attracting private investment.

«Bond issuances in local exchanges, particular in local currency, is among our priorities. When it comes to growing the local bond market, we're focused on taking practical, hands-on steps. Currently, we're discussing the possibility of ADB issuing bonds locally, partnering with private issuers, and working to strengthen the regulatory framework to help create a more enabling environment for market growth. We are also considering pursuing a pilot ESG bond targeting state-owned enterprises or infrastructure projects. This would set a strong benchmark and foster private capital,» Dasgupta said.

The banker emphasized that on the regulatory side, ADB is also excited to support Azerbaijan in advancing green and sustainable finance-whether it's helping develop a green taxonomy and ESG standards, supporting pilot green bonds for private issuers, or tapping into innovation to promote fintech and other sustainable finance solutions.

«We've seen great success with this approach in Georgia and the region, where we helped launch the Caucasus' first green and sustainability-linked bonds in both USD and local currencies. This was possible due to close partnership with regulators, local banks, and corporates (both private and state-owned). ADB can bring this experience and expertise to Azerbaijan, and we'd also be happy to help facilitate peer exchanges among key stakeholders,» he said.