2024-02-16 21:38:51
At the meeting of the Central Bank of Armenia on September 5, the “National road map of stable (long-term) finances of Armenia” was approved.
The road map is an important landmark of the continuous commitment of the Central Bank of Armenia in the process of transition to sustainable financing.
The Central Bank informs that Armenia’s national road map for stable (long-term) finances consists of four key pillars, namely:
Mobilize financing. facilitate the risk-based, market-oriented and sustainable flow of capital to industry and other sectors consistent with Armenia’s decarbonisation ambitions.
Expand markets. support knowledge transfer, reduce information asymmetries, ensure market confidence and strengthen the enabling environment for sustainable financing.
Invest principles of sustainable development. guide financial sector participants in implementing Environmental Social Governance (ESG) principles in their business decisions.
Form awareness and knowledge. increase the level of awareness of sustainability risks and opportunities in Armenia, develop capacities within the Central Bank of Armenia and among financial market participants.
On the basis of the mentioned pillars, an action plan was developed, which the Central Bank of RA will implement in cooperation with relevant interested bodies.