BRVM and GGGI Partner to Boost Green Finance in UEMOA Countries

Finance
Tuesday, 30 April 2024 16:38
BRVM and GGGI Partner to Boost Green Finance in UEMOA Countries

(Togo First) - The Regional Stock Exchange (BRVM) and the Global Green Growth Institute (GGGI) recently signed a memorandum of understanding to boost collaboration in promoting green finance across the eight UEMOA countries, including Togo. The signing ceremony, held on Thursday, April 25, 2024, was presided over by Ivorian Minister of Environment, Sustainable Development, and Ecological Transition, Jacques Konan ASSAHORE.

This agreement aims to facilitate the issuance of green, social, and sustainable bonds (ESG) and enhance the capacities of stakeholders in the regional financial market. Dr. Edoh Kossi Amenounve, CEO of the BRVM, highlighted that this initiative aligns with a broader strategy to encourage the use of financial instruments conducive to sustainable development in the UEMOA region. "In the face of sustainable development challenges, the BRVM has defined a strategy to encourage using appropriate financial instruments in the UEMOA. Its implementation has already resulted in the signing of a cooperation agreement with the Luxembourg Stock Exchange in 2022, as it is one of the global leaders in this field,"Amenounve said

The partnership involves tailored awareness and training programs for financial institutions, investors, market participants, and potential issuers to integrate sustainable financing practices and promote sustainable and green bond issuance. Dr. Kyung Nam Shin, Deputy Director General of the GGGI, stressed the significance of sustainability, innovation, and collaboration in driving positive change.

Togo officially joined the Global Green Growth Institute in November 2023.

Ayi Renaud Dossavi

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.