The members of the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) will promote investment in green bonds through the Asian Bond Fund (ABF), the Bangko Sentral ng Pilipinas (BSP) said on Monday. In a statement, the BSP said this is aimed at helping to catalyze further deepening of local currency-denominated green bond markets in the region. The current ABF was established in 2005 to support the development of local currency-denominated bond markets in the region. The ABF, comprising the Pan-Asia Bond Index Fund (PAIF) and eight single-market funds, tracks the iBoxx ABF Index and is managed passively by private-sector fund managers with the BIS as the administrator. It invests in local currency-denominated bonds in EMEAP economies other than Japan, Australia and New Zealand.

Source: Manila Times July 12, 2021 06:56 UTC