Sustainable finance measures OKd

Dec 18, 2023 12:39 am

THE Monetary Board has approved additional temporary measures to encourage banks to provide loans or finance investments for environmentally friendly or sustainable projects.

This involves financing for transitioning to decarbonization, the Bangko Sentral ng Pilipinas (BSP) said on Saturday, which comes in the form of increased lending capacity and a reduced reserve requirement rate on sustainable bonds issued by banks.

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