Item 4c, presentation by Asian Development Bank on support for greening of financial sector - Perspectives from development financial institutions during the GREEN Action Task Force Annual Meeting 2023.

1. OECD Green Action Task Force
Annual Meeting, Istanbul
Asian Development Bank
12th May 2023

2. INTERNAL. This information is accessible to ADB Management and staff. It may be shared outside ADB with appropriate permission.
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THEME, GREEN & BLUE BONDS
▪ ADB’s theme bond issuance highlights efforts to support key initiatives such as water,
gender, health, and education projects.
▪ ADB has issued approximately $14.1 billion equivalent in theme bonds since 2010. In
addition, ADB has issued approximately $10.0 billion equivalent in green bonds since
2015.
▪ In 2021, ADB expanded its program to a Green & Blue Bond Framework. The Second
Opinion from CICERO was updated and renewed.
▪ ADB issued its first blue bonds in 2021 through dual tranche issuances denominated in
AUD and NZD for a total of $301 million.
▪ As of April 2023, the amount of outstanding ADB theme, green and blue bonds is
approximately $19.5 billion equivalent.

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Establishing a
Framework:
Principles
Project
Eligibility
Project
Selection
Proceeds
Management
Monitoring &
Reporting
Compliance
External
Review
Taxonomies Transparency
Investor
Relations
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4. INTERNAL. This information is accessible to ADB Management and staff. It may be shared outside ADB with appropriate permission.
Green bond financed
local currency projects
in Kazakhstan:
Baikonyr Solar Power
$12 million local currency loan
50MW project in Kyzylorda.
Power produced under the project will be sold to the
national electricity grid operator KEGOC
https://www.adb.org/projects/51250-001/main
Total Eren Access M-Kat Solar Power
$30.5 million local currency loan
100 MW design, construction, commission and
operation project in Shu, Zhambyl.
Power produced will be sold into the national grid
under a 15-year PPA with KEGOC.
https://www.adb.org/projects/52224-001/main
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Kazakhstan:
Promoting Gender
Equality in Housing
Finance Project
https://www.adb.or
g/projects/52334-
001/main
Total Loan = $100 million 10-years
(fully disbursed in KZT)
Financed by four ADB gender bond issues.
Outputs = Increase lending to low-income women
in rural areas; women’s accessibility to HCSBK
lending products improved; HCSBH mainstreams
a gender policy into operations; at least three
nationwide public awareness campaigns on
housing finance for women.
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6. INTERNAL. This information is accessible to ADB Management and staff. It may be shared outside ADB with appropriate permission.
Georgia:
Crystal Gender Bond
Project
https://www.adb.org/
projects/56134-
001/main
Total = GEL 18.75 million 2-years
Issued February 2023
Domestic funding and domestic investment
Outputs = 100% of proceeds to finance Crystal
women-owned MSME projects in Georgia;
Increased lending of climate-related loans to
WMSMEs; Increased lending to WMSMEs in rural
areas.
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7. INTERNAL. This information is accessible to ADB Management and staff. It may be shared outside ADB with appropriate permission.
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AZERBAIJAN FOOD-SUPPLY PROJECT
PROJECT:
Avrora Food Supply Chain
PROJECT FUNDING :
AZN 8.4 million 2.5 years
amortizing;
Raised via ADB’s first offshore
AZN-linked bond issue.
Subscribed by a single European
investor;
ADB bond issue was issued via GMTN program, listed on Luxembourg SE and
settled in iCSDs. ADB Treasury manages currency conversions.
https://www.adb.org/projects/54376-001/main

8. INTERNAL. This information is accessible to ADB Management and staff. It may be shared outside ADB with appropriate permission.
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UZBEKISTAN FOOD-SUPPLY PROJECT
Korzinka Retail Supply
Chain Project
$12 million equivalent 3-
years amortizing
ADB’s first agri-business
loan in Uzbekistan
Aimed at sustaining
livelihoods of low-income
rural workers and farmers
Financed by ADB Treasury with two USDUZS non-
deliverable swaps completed in 2022
https://www.adb.org/projects/55297-001/main

9. Building a green, resilient and inclusive
Asia and the Pacific
Asian Development Bank
Treasury Department
Client Solutions Division
6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines
Email lccs@adb.org
Investor Website www.adb.org/investors
Bloomberg ADB <GO>
Tel. No. +632 86834444
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Multimedia Library.