On May 21, a regional workshop concluded under the Central Asia Regional Economic Cooperation (CAREC) framework, where green and sustainable finance took center stage as we reported before. The two-day event brought together key stakeholders from the financial sector to discuss the technical implementation, innovation, and future roadmap for green, social, sustainability, and sustainability-linked (GSS+) bonds.

A pivotal session focused on Mongolia’s private sector experience in driving forward sustainable finance. First Deputy CEO of Khaan Bank B.Erdenedelger and CEO of the Mongolian Bankers Association L.Amar shared their insights during a panel moderated by Senior Financial Sector Specialist at the Asian Development Bank (ADB) Peter Rosenkranz.

The discussion centered on practical case studies, the regulatory landscape, and the hurdles in unlocking private capital for sustainable development. Panelists emphasized the private sector’s crucial role in transitioning to a green economy, highlighting that innovative financing mechanisms are essential to support climate goals and resilience across the CAREC region.

The workshop also expanded the dialogue to broader regional issues, including the establishment of national taxonomies, strategies for mobilizing private investment, and the need for cross-border collaboration. The development of integrated GSS+ bond markets was identified as a key priority for sustainable growth and financial sector development among CAREC member countries.

Participants agreed that aligning national efforts with international frameworks and enhancing public-private cooperation would accelerate the shift toward green finance and sustainable infrastructure investment across the region.