The Arab Monetary Fund publishes a Guidance Note on “Sovereign Sustainable Instruments” for the Arab region
Provide clear definitions for ESG terms and activities at the national level
Maintain a coordinated approach in designing sustainable finance plans
Debt managers assess readiness factors for Sovereign Sustainable Instruments
Raise public awareness and capacity development across government entities
The Arab Monetary Fund (AMF) in cooperation with World Bank Group, and The Gulf Capital Market Association has issued today March 16th 2023, a Guidance Note on “Sovereign Sustainable Instruments for the Arab region”. The note is issued under the framework of the Fund's endeavours to promote awareness of the requirements for developing the green and sustainable agenda in the Arab region.
The guidance note aims to promote awareness of ESG investing in the sovereign debt asset class and how it pertains to sovereign issuers in the Arab region. It also provides regional policymakers with an insight into these key developments, to help promote a supportive ecosphere for sustainable finance including the local capital markets and banking sectors.