Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3

<p>ASEAN+3 policy makers are exploring options to promote green local currency-denominated bonds to meet the region’s infrastructure development needs.<br /> <br />The Asian Development Bank and the Association of Southeast Asian Nations and the People’s Republic of China Japan and the Republic of Korea (ASEAN+3) are looking to explore options to promote green local currency-denominated bonds to meet the region’s infrastructure development needs. Green bonds—supported within the ASEAN+3 framework—would help meet the long-term financing of the region especially in its transition to a low-carbon region. This publication highlights an assessment study of green bond markets in ASEAN+3 identifies the barriers to green bond market development and proposes recommendations to scale up green bond markets for infrastructure development in ASEAN+3.</p>