The Asian Infrastructure Investment Bank (AIIB) has announced an investment of $25 million in Uzbekistan’s Uzpromstroybank sustainability bonds. This marks a significant step as the first sustainable bond issued under Uzpromstroybank’s Sustainable Finance framework, aligning with the green and social bond principles set forth by the International Capital Market Association (ICMA).
The funds raised through this investment will be directed toward financing various green projects, including those aimed at improving energy efficiency, reducing greenhouse gas emissions, ensuring water security, supporting women-led initiatives, and funding small and medium-sized businesses.
This move underscores the growing importance of sustainable finance and green investments as part of the global financial landscape, contributing to environmentally responsible initiatives and social progress. Additionally, Egypt’s President Abdel Fattah al-Sisi is set to attend the inauguration of AIIB meetings with the theme “Sustainable Growth in a Challenging World,” highlighting the bank’s commitment to supporting infrastructure needs in its member countries.
