Representatives from the Lao central bank, the Bank of the Lao PDR (BOL), and local financial institutions gathered in the Lao capital, Vientiane, on Tuesday for training on green finance, aiming to strengthen understanding and implementation of sustainable financial practices.
The training aimed to develop a Laos green finance taxonomy, establish guidelines for green lending, integrate environmental, social, and governance (ESG) risk management, and set up a framework for thematic bond issuance, reports.
These initiatives are designed to align with ASEAN and international standards.
Deputy Governor of the BOL, Soulivath Souvannachoumkham, said that the training is a significant step toward building a greener and more inclusive economy.