ADB urges strengthened local sustainable finance framework to boost investment

ADB South Asia Department Director General Takeo Konishi calls for strengthened sustainable financing

- By JANANI KANDARAMAGE

Claims stable financial ecosystem will boost investor confidence and economic development

Praises CSE, SEC for green bond regulations and knowledge sharing among stakeholders

ADB Country Director for Sri Lanka Takafumi Kadono for reducing financial risks by lessening dependence on traditional banking channels.

“It can drive economic prosperity and improve quality of life by reducing waste, lowering costs and enhancing the environment. Therefore, it is crucial to promote sustainable finance by strengthening the capacity of institutions and developing innovative financing instruments,” he told the Serendipity Knowledge Program on Sustainable Finance, organised by the ADB in Colombo.