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Cambodian Central Bank Governor Discusses Green Bonds at Francophone Central Bank Governors' Meeting

PHNOM PENH, June 3, 2024 – The Governor of the National Bank of Cambodia, Dr. Chea Serey, shared insights into Cambodia's application of green bond principles during the 30th Meeting of Central Bank Governors of French-Speaking Countries. This meeting took place in Brussels, Belgium, from May 30 to 31, 2024.

The gathering saw participation from governors of 20 central banks representing 40 countries across Europe, the United States, Africa, and Asia. The 2024 Francophone meeting focused on a range of pressing issues including the implementation of monetary policy in volatile environments, responses to climate change, geopolitical challenges, enhancing cybersecurity, and maintaining central bank independence.

During her presentation, Dr. Serey outlined Cambodia’s efforts in climate change mitigation, highlighting the country's active participation in regional and international green finance networks. She detailed Cambodia's initiatives in incorporating sustainable financing principles within its banking system and investing international reserves in green bonds.

Furthermore, Dr. Serey advocated for increased support from international foundations, financial institutions, and developed nations in promoting green finance. She emphasized the importance of enhancing cooperation and solidarity among countries to support green investment projects through the mutual purchasing of green bonds.

The biennial Francophone meeting aims to foster stronger cooperation among member countries and facilitate the exchange of perspectives and experiences on central banking issues.

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