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Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia

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Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia
Type: Reports
Year: 2020
Language: English
Country: Multi-country

This paper aims to explore the rationale for a green recovery being at the heart of post-COVID-19 economic planning. A number of countries have already embarked on creating green recovery strategies, while green programs that had been in place pre-COVID-19 also provide a base to build upon, in other countries. Several of these examples are cited here including capital market mechanisms such as various types of bonds and de-risking funds created by various countries and ADB. Lessons learned from these examples and ongoing work in the post-COVID-19 era by the ADB team, including managing the ASEAN Catalytic Green Finance Facility (ACGF), perhaps the only regional green vehicle of its type in the world, have been built on to provide possible green finance concepts and mechanisms that could be used by countries to frame their own green recovery strategies and efforts.