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Cambodia Showcases Green Bond Expertise at Regional Meeting

  • Posted Feb 23, 2024 10:24 by Anthony Ellis
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Phnom Penh The Securities and Exchange Regulator of Cambodia (SERC) shared its experiences with green and sustainability bonds at a recent meeting of the Working Committee on Capital Market Development (WC-CMD) held in Vientiane, Lao PDR.

The Cambodian delegation, led by the Deputy Director General of SERC, participated in a comprehensive agenda that included discussions on the ASEAN Economic Community 2025, the development of the ASEAN Bond Market, and various frameworks and initiatives aimed at promoting sustainable finance within the region. Key topics of the meeting included the ASEAN Sustainable Finance Hub, infrastructure financing, and the ongoing efforts to monitor and assess risks within the sector.

A notable highlight of the meeting was SERC's presentation on green and sustainability bonds. The regulator's contribution aimed to inspire the issuance of such bonds across ASEAN nations, facilitating the funding of infrastructure projects with an emphasis on environmental sustainability. Cambodia's own Securities Exchange has made strides in this area, with significant listings from the education sector and telecom industry, including the telecom giant CamGSM, leading the way in green finance.

Furthermore, SERC's commitment to advancing green and sustainable financing was solidified through its acceptance to co-chair the WC-CMD alongside the Monetary Authority of Singapore. This partnership, spanning from July 2024 to June 2026, underscores Cambodia's leading role in steering regional efforts towards sustainable finance.

The meeting drew senior representatives from all 10 ASEAN member countries, alongside officials from the ASEAN Secretariat and the Sustainable Finance Institute Asia, highlighting the collaborative spirit and shared goals of enhancing financial integration and sustainability across the region.


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