As part of the joint work of the Ministry of Finance and the Central Bank of the Republic of Azerbaijan, an announcement was made regarding the issuance of the first sovereign green bond in the amount of 1 billion dollars. This bond is part of a program for sustainable financing of the government for current objectives. It stimulates investment in projects that contribute to ecological sustainability and social development. The green bonds are intended to finance projects in water management, renewable energy, sustainable transport, and other areas that help combat climate change.
The representative of the Ministry of Finance stated: "This bond confirms the commitment of the Republic of Azerbaijan to sustainable development and demonstrates the readiness of the government to invest in projects that contribute to ecological safety and social progress." This event has become an important step in the development of financial instruments in the Republic of Azerbaijan and contributes to attracting investments in sustainable development.
