📋 Tender Overview
PROJECT DETAILS
Project number:
2022.2103.4
Status:
ongoing project
Responsible organizational unit:
2A00 Asia I
Contact person:
Roland Treitler roland.treitler@giz.de
Partner countries:
Association of Southeast Asian Nations
SUMMARY
Goals:
Sustainable finance is more firmly established in the financial market in the ASEAN region.
Client:
Federal Ministry for Economic Cooperation and Development
Project partners:
ASEAN (Association of Southeast Asian Nations) Secretariat
Financier:
not available
ORDER VOLUME
Overall project:
(including all previous, current and subsequent project phases, if any)
3,000,000 euros
Current project:
3,000,000 euros
COMBINED FINANCING
not available
PREDECESSOR PROJECT
not available
SUCCESSOR PROJECT
not available
DURATION
Overall project:
(including all previous, current and subsequent project phases, if any)
22.02.2024 - 31.12.2026
Current project:
01.01.2024 - 31.12.2026
OTHER PARTICIPANTS
not available
FURTHER INFORMATION
Project website
not available
DEVELOPMENT POLICY IDENTIFIERS
Gender equality
Significant secondary objective
Climate change, greenhouse gas reduction
Main goal
CRS KEY
24010 Financial Sector Policy and Management
EVALUATION
not available
PROJECT DESCRIPTION (DE)
The Association of Southeast Asian Nations (ASEAN) region is working to develop a low-carbon and climate-adapted economy. This requires a system that defines sustainable investments. Furthermore, government regulations need to be further developed to promote green investments. Capital for climate-friendly projects must be mobilized, especially from the private sector. Government financial supervisory authorities and institutions need better regional coordination, more expertise, and greater awareness. The project aims to facilitate coordination and knowledge sharing among ASEAN member states regarding regulations. The project works with ASEAN countries to further develop the policy framework so that more private capital flows into climate-friendly investments. This should promote the transition to a low-carbon, inclusive, and resilient economy. Key project activities include:
- Working with ASEAN countries on regulations to develop regionally harmonized, environmentally responsible financial systems. It also promotes uniform sustainability standards in national and regional finance. This should reduce discrepancies and increase cross-border investment.
Furthermore, the project is developing a system for the region to classify green investments in the financial market, such as climate-friendly bonds and loans.
It is establishing a regional hub for green bonds ("Green Bond Hub"). This exchange platform will support financial supervisory authorities and institutions in developing a market for responsible bonds and making it more effective, transparent, comparable, and credible.
PROJECT DESCRIPTION (EN)
The Association of Southeast Asian Nation
